Q. Which two committees emphasized the necessity of legislative measures like the SARFAESI Act to address inefficiencies in recovery frameworks?
Answer: Narasimham Committees and Andhyarujina Committee
Notes: The Narasimham Committees and the Andhyarujina Committee highlighted the need for legislative measures, including the SARFAESI Act, to empower financial institutions in managing NPAs effectively through securitisation and asset reconstruction.