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Narsimham committee made a decisive change in the year 1991 under the aegis of Mr. Narsimham to regulate and improvise the banking sector. Citation preview. Narasimham Committee Report I - 1991 1. Reduction in the SLR and CRR : The committee recommended the reduction of the higher proportion of Committee on Banking Sector Reforms (Narasimham Committee II) - Action taken on the recommendations. Recommendation. Action Taken. committee submitted its report in 1991. This committee was submitted its report with several recommendations in this regard. 13) Narasimham Committee. 17th December 1991. Narasimham Committee on Banking Sector Reforms. (1998). The finance ministry of government of India appointed Mr. M. Narasimham asThe Committee submitted its report to the Finance Minister in November 1991 which was tabled in Parliament on 17 December 1991. The Narasimham-II Committee was