Indian Economy
Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of

K.V. Kamath
Raghuram G. Rajan
None of these
Bimal Jalan

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to setup more foreign exchange banks
to reduce the freedom given to banks to rationalize their existing branch network
to lend more easily for industrial development
to govern entry of new private sector banks to make the banking sector more competitive

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