Discussion
In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
Answer: A
The guidelines govern the entry of new private sector banks.
The Narasimham Committee of 1991 recommended opening banking to competition, and the RBI issued entry norms in 1993 covering capital, promoter shareholding and branch obligations. Nine new private banks were licensed under them, among them HDFC, ICICI and Axis.
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