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shine india magazine subscription published this article page no215
In the 2000s a number of committees relating to banking reforms
were constituted and further reforms have been instituted gradually. The
Committee on Financial Sector Reforms included recommendations on macroeconomic
and regulatory frameworks for India financial inclusion and domestic financial
development.2In 2014 the Committee to Review Governance of Boards of Banks in
India (P.J. Nayak Committee) was also constituted. Its key recommendations
focused on enhancing the governance and management of public sector banks which
continued to have a large presence in Indias banking sector. shine
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