नरसिंहम समिती कशासाठी प्रसिद्ध आहे ?

The correct answer is Option B (Bank reforms).

Key Points:
• The Narasimham Committee (chaired by former RBI Governor M. Narasimham) is synonymous with landmark banking sector reforms in India.
• Two Landmark Committees:
• Narasimham Committee I (1991) on the Financial System: Recommended phased reduction of statutory pre-emptions (CRR and SLR), deregulation of interest rates, introduction of prudential norms for Income Recognition and Asset Classification (IRAC), capital adequacy norms (Basel I), and entry of private sector banks.
• Narasimham Committee II (1998) on Banking Sector Reforms: Recommended strengthening bank mergers, tightening capital adequacy (CRAR to 9%), and creating Asset Reconstruction Companies (ARCs) for non-performing assets (NPAs).
• Tax reforms were recommended by the Raja Chelliah Committee (1991) and the Vijay Kelkar Committee (2002).
• Therefore, the Narasimham Committee is renowned for banking reforms (Option 2).
• Key Takeaway: The Narasimham Committees of 1991 and 1998 laid the foundational blueprint for modern Indian banking and financial reforms.