Which committee had recommended the creation of rural banks?

The Narasimham Committee had recommended the creation of Regional Rural Banks. Regional Rural Bank (RRB) is also known as a small man’s bank. It was recommended for the development of the rural economy in India. You can read about the National Bank for Agriculture and Rural Development (NABARD) – Objectives, Vision, Mission [UPSC Notes] in the given link.

Further readings:

  1. RBI – Reserve Bank of India [UPSC Indian Economy Notes]
  2. Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19

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