There have been several committees that have examined and suggested financial sector reforms in India. Some of the most notable committees include:

• Narasimham Committee I (1991): This committee was chaired by M. Narasimham, former governor of the Reserve Bank of India. The committee's report made a number of recommendations for reforming the Indian financial sector, including increasing the capital adequacy ratio of banks, reducing government control over banks, and promoting competition in the banking sector.

• Narasimham Committee II (1998): This committee was also chaired by M. Narasimham. The committee's report made a number of recommendations for further reforming the Indian financial sector, including strengthening the supervisory and regulatory framework for banks, promoting financial inclusion, and developing the financial markets.
• Raghuram Rajan Committee (2008): This committee was chaired by Raghuram Rajan, former governor of the Reserve Bank of India. The committee's report made a number of recommendations for reforming the Indian financial sector in the wake of the global financial crisis, including strengthening the financial infrastructure, improving risk management, and promoting transparency.
• Chanda Kochhar Committee (2014): This committee was chaired by Chanda Kochhar, former managing director and CEO of ICICI Bank. The committee's report made a number of recommendations for reforming the Indian financial sector, including improving the governance of banks, strengthening the corporate governance framework, and promoting financial literacy.

The recommendations of these committees have had a significant impact on the Indian financial sector. The reforms have helped to strengthen the banking system, promote competition, and improve financial inclusion. As a result, the Indian financial sector is now more resilient and better able to support economic growth.

In addition to these committees, there have also been a number of other initiatives to reform the Indian financial sector. These include the establishment of the Financial Stability and Development Council (FSDC), the introduction of the Basel III norms, and the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY).

The reforms to the Indian financial sector are ongoing. The government and the RBI are committed to further strengthening the financial system and making it more efficient and inclusive. These reforms will help to ensure that the Indian financial sector can continue to play a vital role in supporting economic growth.