Who headed the committee on ‘computerisation’ in Indian Banks(1988)?

C. Rangarajan
R. N. Malhotra
Rangarajan B. R. N. Malhotra C. S. Venkitramanan
M. Narasimhan

The correct answer is: C. S. Venkitramanan.

C. S. Venkitramanan was the chairman of the committee on ‘computerisation’ in Indian Banks(1988). The committee was set up by the Reserve Bank of India to study the progress of computerisation in Indian banks and to recommend measures for its further development. The committee submitted its report in 1989, and its recommendations were largely implemented by the banks.

The committee’s report was a landmark document in the history of computerisation in Indian banks. It laid the foundation for the development of a national information technology infrastructure for the banking sector. The committee’s recommendations also led to the establishment of the National Informatics Centre (NIC) and the Indian Banks’ Association (IBA) Centre for Development of Computer Applications (CDCA).

The committee’s report was also significant because it recognised the importance of information technology in the banking sector. It recommended that banks should adopt a strategic approach to computerisation and that they should invest in developing their own in-house expertise in information technology.

The committee’s report was a major step forward in the development of computerisation in Indian banks. It helped to create a national information technology infrastructure for the banking sector and it also led to the establishment of the NIC and the IBA CDCA. The committee’s report also recognised the importance of information technology in the banking sector and it recommended that banks should adopt a strategic approach to computerisation.

The other options are incorrect because they are not the names of the chairman of the committee on ‘computerisation’ in Indian Banks(1988).