What are Ghosh committee recommendations?

In order to detect irregularities or lapses in a timely manner, to make sure that prescribed procedures and systems are adhered to, Ghosh Committee had recommended introducing concurrent audits at exceptionally large and large branches of banks. You can read about the RBI – Reserve Bank of India [UPSC Indian Economy Notes] in the given link.

Further readings:

  1. Payment Banks- History & Regulations (UPSC Notes)
  2. Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19

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