Finance Minister Nirmala Sitharaman on Monday (August 17, 2026) said the administration would soon constitute a high-level panel on ‘Banking for Viksit Bharat’.
In this year’s Budget, the Finance Minister had proposed a high-level committee on ‘Banking for Viksit Bharat’, to comprehensively review the sector and align it with India’s next phase of expansion.
Addressing the two-day PSB Confluence, Ms. Sitharaman said, “We expect the announcement of the high-powered committee to look into the banking sector. Soon the committee will be unveiled.” She said the committee would provide its thoughts and recommendations to the government.
“I propose setting up a ‘High Level Committee on Banking for Viksit Bharat’ to comprehensively review the sector and align it with India’s next phase of growth, while safeguarding financial stability, inclusion and consumer protection,” she had said in the Budget speech on February 1, 2026.
Published – August 17, 2026 02:14 pm IST
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