Miscarriage of an Enquiry K Ramanujam The fames Raj Committee on the functioning of public sector banks, which submitted its report last year, made wide-ranging observations and far-reaching recommendations. The committers report as a whole has received surprisingly little attention; despite that, however, perhaps its least justifiable recommendations, those about limiting the growth of public sector banks and breaking up. the State Bank of India, are very frequently quoted. This article discusses the major observations and suggestions of the committee with a view to seeing its report as a whole in the right perspective.
