Finance Minister Announces High‑Level Banking Committee for ‘Viksit Bharat’
· Business · Hindustan Times, Moneycontrol, The Hindu
Union Finance Minister Nirmala Sitharaman announced the forthcoming creation of a high‑powered banking committee at the PSB Confluence 2026 in New Delhi. The committee will review seven thematic areas including youth banking, investment cycle support, GCCs, agriculture and horticulture, credit‑card innovation, and priority‑sector lending. Materials for the committee were prepared by the Department of Financial Services and are ready for consideration. Sitharaman said the committee will be announced soon after these intensive discussions and will aim to align the banking sector with India’s next growth phase. The announcement follows her February budget speech that praised the sector’s strong balance sheets and profitability.
Why it matters
The committee is expected to shape banking policies that affect credit availability to youth, farmers, and small‑business lenders across India.
Read the original report — Hindustan Times
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