The paper will deal in discuss the role of Narsimhan Committee which has targeted several issues ranging from directed phase credit from improvising agricultural sector to developing banking sector by setting statutory limits of reserves, the committee has placed an important role to improve efficiency, productivity and profitability.The committee has further laid down the foundation for IBC code as the committee lays down its focus on bad loans and stressed assets because of which the creditors market became distressed as there was no proper mechanism of recovery of debts. The paper will discuss that how effectively the committee has been able to solve the issue and how it has acted as an backbone for future reforms.

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