IMPORTANT COMMITTEES IN BANKING SECTOR

1. M.P. Bezbaruah - to suggest suitable remedial measures to address concerns regarding security of people from North East.

2. B. Sambamurthy -  panel favours single mobile banking app on all SIMs. Panel recommended that customers should not be required to visit the bank branch for mobile number registration.

3. Vijay Kelkar Committee -  was appointed by the Petroleum and Natural Gas Ministry to prepare a road map to make India self sufficient in oil and natural gas by 2030.

4. Deepak Mohanty Committee -  on Data and Information Management in the Reserve Bank of India

5. K. K. Mehrotra Committee -  to inquire gas leakage in Bhilai Steel Plant.

6. P.J. Nayak -  to review Governance of Boards of Banks in India. The committee was constituted under the chairmanship of P. J. Nayak. He is a former Chairman and CEO of Axis Bank.

7. Nachiket Mor Committee -  to permits NBFCs to work as Business Correspondents of banks.

8. Vishnu Sahay committee - look probe into the Muzaffarnagar communal violence.

9. Urjit Patel Committee -  to examine the current monetary policy framework.

10. Mukul Mudgal - member panel to probe IPL spot‐fixing.

11. Nachiket Mor -  committee on comprehensive financial services for 

small businesses and low‐income households.

12. Justice A.P. Shah committee  - to head panel on road safety

13. Anil Kaushal committee -  to examine the recommendations made by the TRAI on pricing of Spectrum.

14. Bimal Jalan panel -  to scrutinize applications for new bank licenses.

15. Parthasarathi Shome. – for Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax compliance

16. Kirit Parikh panel -  on fuel pricing has suggested that the diesel prices should be increased by Rs.1-1.50 a litre every month as against the 45-50 paise monthly hike followed currently.

17. K U.B. Rao -  the idea of setting up Bullion Bank or Bullion Corporation of India

18. Arvind Mayaram Panel -  report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)

19. Arvind Mayaram Committee – for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII)

20. Suma Verma Committee -  to update, and revise the Banking Ombudsman Scheme, 2006

21. Damodran Committee -  on improvement of customer services in banks

22. Shri M. Narasimham Committee - on Banking Sector Reforms

23. Shri K.U.B. Rao Committee -  recommended aligning gold import regulations

24. K M Chandrasekhar committee -  for rationalization of foreign investment norms

25. Shri Pulak Kumar Sinha Committee -  to study the feasibility of Aadhaar as an additional factor for authentication of card present transactions.

26. Mukul Mudgal Committee -  looking into US giant Walmart's lobbying activities to enter India.

27. Shri Raghuram Rajan Committee - on Financial Sector Reforms

28. Shri B. Mahapatra Committee -  to review the existing prudential guidelines on restructuring of advances by banks/financial institutions.

29. Shri Aditya Puri Committee -  Dissemination of Credit Information

30. MBN Rao Committee -  to prepare the blueprint of India’s first women’s bank