Important Banking & Finance Committees – Banking Study Material & Notes

Questions related to Banking & Finance Committees are often seen in every banking exam. Therefore, we have compiled this list of all important banking committees under our banking study material and notes for the benefit of all aspirants of competitive exams. 

Also, those who follows gk news in newspapers know that the names of these committees or their Chairperson often appear in the economy sections. These committees are important because they have ramifications on a variety of situations prevalent in the economy. Hence, some or the other committee appears in news now and then. This is the reason why these committees are also asked in every banking related exam. Every banking recruitment aspirant mustr have working knowledge of these committees and their purposes to confidently answer such questions asked in interviews as well.

We have arranged these committees in alphabetical order so that names can be searched easily.

1. Abid Hussain Committee : On Small Scale Industries
2. A C Shah Committee : For Reforms Relating To Non Banking Financial Companies (NFBC)
3. Aditya Puri Committee : For Dissemination of Credit Information
4. Anil Kaushal committee : To examine the recommendations made by the TRAI on pricing of Spectrum.
5. Arvind Mayaram Panel : To Report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
6. Arvind Mayaram Committee : For giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII)
7. Athreya Committee : For Restructuring Of IDBI
8. Basel Committee : For Banking Supervision
9. Bimal Jalan panel : To scrutinize applications for new bank licenses.
10. Bhandari Committee : For Reconstruction of RRBs
11. B. Mahapatra Committee : To review the existing prudential guidelines on restructuring of advances by banks/financial institutions
12. Cook Committee : For Capital adequacy of banks.
13. C Rangarajan committee : For poverty scale estimates in the country
14. C Rangarajan Panel : For Recommending the pricing of natural gas by a complex methodology of arriving at an average of International gas hub prices
15. A K Ganju Committee : On Uttarakhand Floods
16. Damodran Committee : For improvement of customer services in banks
17. Dave Committee (2000) : For Pension Scheme For Unorganized Sector
18. Deepak Parekh committee : For Financing Infrastructure sector
19. Janakiraman Committee : To investigate the security transactions of the bank
20. JS Mathur committee : To revise Newspaper Advertisement Rates.
21. Justice A.P. Shah committee : To head panel on road safety
22. Kelkar Committee : For Tax Structure Reforms
23. Kirit Parikh panel : For fuel pricing. (it has suggested deregulation of diesel prices a rupee at a time)
24. K M Chandrasekhar committee : For rationalization of foreign investment norms
25. K. Ratna Prabha Committee : On indecent depiction of women in media
26. MBN Rao Committee : To prepare the blueprint of India’s first women’s bank
27. MB Shah committee : For inspection of illegal mining activities
28. Mckinsey Report : For Merger Of 7 Associate Banks With SBI
29. M. Narasimham Committee : For Banking Sector Reforms
30. Mukul Mudgal member panel : To probe IPL spot-fixing
31. Mukul Mudgal Committee : To look at process of film clearances
32. Nachiket Mor Committee : For comprehensive financial services for small businesses and low-income households.
33. Naresh Chandra committee : For 14 member task force on security issues
34. N Rangachary committee : To examine taxation policies for I.T. sector
35. N R Narayana Murthy committee : For evaluation of corporate sector participation in Higher Education.
36. Parthasarathi Shome. : For Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax compliance
37. Parthasarathi Shome committee : For Implementation of GAAR (General Anti Avoidance Rule)
38. Percy Mistry Committee : For Making Mumbai An International Financial Center
39. Prasad Panel : For International Trade And Services
40. Pulak Kumar Sinha Committee : To study the feasibility of Aadhaar as an additional factor for authentication of card present transactions
41. Raghuram Rajan Committee : For Financial Sector Reforms
42. R V Gupta Committee : For Small Savings
43. Raja Chelliah Committee : For Tax Reforms
44. Rekhi Committee : For Indirect Taxes
45. RS Gujral Committee : To Suggest measures to boost MSME exports.
46. Sitakant Mahapatra committee : For inclusion of Bhojpuri language in eighth schedule of constitution
47. Shyamala Gopinath Committee : For Suggestions on Post office Small saving schemes
48. SK Srivastava Committee : To formulate a policy on public-private partnership model to raise coal output
49. S P Talwar Committee : For Restructuring Of Weak Public Sector Bank
50. SN Verma Committee (1999) : For Restructuring The Commercial Banks
51. Suma Verma Committee : To update, and revise the Banking Ombudsman Scheme, 2006
52. UK Sharma Committee : For NABARD’s Role In RRB
53. Urjit Patel Committee : To examine the current monetary policy framework
54. Vaghul Committee : For Money Market In India
55. Vasudev Committee : For NBFC (Non Banking Finance Corp) Sector Reforms
56. Y B Reddy Committee (2001) : For Review Of Income Tax

• These are alot of names and mandates, you will face difficulty in memorize all of them at once. Therefore, it is suggested that you bookmark this page and come back to it regularly to ensure that you remember these.