Indian Economy
The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank

I, II
II, III
I
IV
II

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

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