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In pursuance with the recommendations of the Narasimhan Committee, the RBI has farmed new guidelines

  1. A
    to govern entry of new private sector banks to make the banking sector more competitive.
  2. B
    to reduce the freedom given to banks to rationalize their existing branch network.
  3. C
    to set-up more foreign exchange banks.
  4. D
    to lend more easily for industrial development.

Solution & Step-by-step Explanation

Based on the recommendations of the Narasimhan Committee on Financial System Reforms (1991), the RBI introduced guidelines to permit the entry of new domestic private sector banks in 1993 to introduce greater efficiency and competitiveness into the Indian banking domain.

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In pursuance with the recommendations of the Narasimhan Committee, the RBI has farmed new guidelines
A
to govern entry of new private sector banks to make the banking sector more competitive.
B
to reduce the freedom given to banks to rationalize their existing branch network.
C
to set-up more foreign exchange banks.
D
to lend more easily for industrial development.

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