Know the person
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While Mr Maun Mohan Singh got accolades for reforms, 2 people who really deserved it were left out...
One was Ex PM P V Narasimha Rao & the other was Maidavolu Narasimham.
Narasimham joined RBI as a research officer in the Economics department and is the
1/7
While Mr Maun Mohan Singh got accolades for reforms, 2 people who really deserved it were left out...
One was Ex PM P V Narasimha Rao & the other was Maidavolu Narasimham.
Narasimham joined RBI as a research officer in the Economics department and is the
2/7
only governor who rose from the ranks of RBI. He was the thirteenth governor of the RBI from 2 May 1977 to 30 November 1977
Narasimham is popularly called as the architect of modern Indian banking, he had chaired two high-powered committees on banking and financial sector
only governor who rose from the ranks of RBI. He was the thirteenth governor of the RBI from 2 May 1977 to 30 November 1977
Narasimham is popularly called as the architect of modern Indian banking, he had chaired two high-powered committees on banking and financial sector
3/7
reforms.
The first high-powered committee he chaired was in 1991 on the financial system and second one in 1998 on banking sector reforms.
Almost all the reports that are written today on the banking sector start by referencing “Narasimham Committee Report” I and II.
reforms.
The first high-powered committee he chaired was in 1991 on the financial system and second one in 1998 on banking sector reforms.
Almost all the reports that are written today on the banking sector start by referencing “Narasimham Committee Report” I and II.
4/7
Many reforms including bank mergers, creating strong megabanks and asset reconstruction companies (ARCs) were first mooted by the Narasimham Committee.
Bank mergers toward creation of strong public sector mega-banks were first recommended by the Narasimham committee of
Many reforms including bank mergers, creating strong megabanks and asset reconstruction companies (ARCs) were first mooted by the Narasimham Committee.
Bank mergers toward creation of strong public sector mega-banks were first recommended by the Narasimham committee of
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1991 & it took 25 years to implement it.
New-generation private sector banks such as ICICI, HDFC, Axis, Kotak etc owe their existence to the recommendations of the first Narasimham Committee, reports Business Standard.
“Though I never worked with him, we understood that
1991 & it took 25 years to implement it.
New-generation private sector banks such as ICICI, HDFC, Axis, Kotak etc owe their existence to the recommendations of the first Narasimham Committee, reports Business Standard.
“Though I never worked with him, we understood that
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He wrote the RRB (regional rural bank) report in 1976 in one day. He felt very strongly that rural banks should have a local feel and local touch, and they should have the professional approach of the commercial bank. This is how the RRBs came into existence,” former RBI
He wrote the RRB (regional rural bank) report in 1976 in one day. He felt very strongly that rural banks should have a local feel and local touch, and they should have the professional approach of the commercial bank. This is how the RRBs came into existence,” former RBI
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Deptuty. Gov Usha Thorat said.
Vajpayee government awarded India's second highest civilian honor Padma Vibhushan in 2000.
Former governor of Reserve Bank of India, 94 year old Maidavolu Narasimham passed away in Hyderabad on Tuesday (20 April).
#AumShanti
Deptuty. Gov Usha Thorat said.
Vajpayee government awarded India's second highest civilian honor Padma Vibhushan in 2000.
Former governor of Reserve Bank of India, 94 year old Maidavolu Narasimham passed away in Hyderabad on Tuesday (20 April).
#AumShanti
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