Which committee recommended banking reforms?

Correct Answer: Option B — Narasimham Committee
The Narasimham Committee was established to recommend reforms in the Indian banking sector. It played a major role in modernizing banks and improving the efficiency, competitiveness, and financial stability of the banking system in India.
Option A: Tarapore Committee dealt mainly with capital account convertibility and monetary issues.
Option B: Narasimham Committee is correct because it specifically recommended banking sector reforms.
Option C: Tandon Committee focused on guidelines for bank credit and working capital finance.
Option D: Gadgil Committee was related to regional planning and development issues.
The Narasimham Committee recommendations led to important banking reforms such as reducing non-performing assets (NPAs), improving capital adequacy norms, and allowing greater autonomy to banks.