RBI: Management by Committees or Delaying Decisions?

"The Reserve Bank of India has constituted a High Powered Committee   to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector. This was pursuant to the recommendation made by the Standing Advisory Committee (SAC) on UCBs in its meeting held on October 20, 2014."

In the first seven months of the year 2014, the Reserve Bank of India had  the 14 following Reports submitted to it[1].

Title	Date
Report of the Internal Working Group on Implementation of Counter-cyclical Capital Buffer	July 2014
Report of the Committee on Data and Information Management in the Reserve Bank of India	July 2014
Report of The Committee to Review Governance of Boards of Banks in India	May 2014
Report of the Working Group on Resolution Regime for Financial Institutions	May 2014
Report of the GIRO Advisory Group	April 2014
Report of the Group on Enabling PKI in Payment System Applications	April 2014
Report of the Working Group on Pricing of Credit	April 2014
Report of the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies	March 2014
Implementation Group on OTC Derivatives Market Reforms	March 2014
Report of the Committee on Financial Benchmarks	February 2014
Report of the Technical Committee on Mobile Banking	February 2014
Report of the Technical Committee on Enabling Public Key Infrastructure (PKI) in Payment System Applications	February 2014
Report of the Expert Committee to Revise and Strengthen the Monetary Policy Framework	January 2014
Committee on Comprehensive Financial Services for Small Businesses and Low Income Households	January 2014

What has it done with this deluge of management by committees?

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[1] http:// http://www.rbi.org.in/Scripts/BS_ViewPublicationReport.aspx accessed on 25 July 2014