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

Solution(By Examveda Team)

The first blueprint for computerization in the Banking Industry was drawn up in 1983-84. A Committee was set up in 1983 under the chairmanship of Dr. C. Rangarajan, the then Deputy Governor, Reserve Bank of India, to look into the modalities of drawing a phased plan of mechanization in the Banking Industry, covering the period 1985-89. The Committee submitted its report in 1984 and recommended the introduction of computerization at Branch, Regional, and Head Office levels of banks. The banking industry has since come a long way in computerizing their front and back-office operations as per the guidelines of Rangarajan Committee.
Against this background and the experience gained in the eighties, RBI set up in September 1988, another Committee, again the chairmanship of Dr. C. Rangarajan, Deputy Governer, to draw up a perspective plan of computerization for the banking industry for the five year’s period 1990-94 and also to consider other allied issues.

Source : inflibnet.ac.in