Government to Form High-Level Panel for Banking Reforms

The government will soon set up a high-level committee to review and guide banking sector reforms, Finance Minister Nirmala Sitharaman said.
Speaking at the inauguration of a two-day conference of public sector banks in New Delhi, Sitharaman said the committee will examine key issues and recommendations and suggest the future course of banking reforms.
The Finance Minister said Indian banks are currently in a strong position, with gross non-performing assets (NPAs) at their lowest levels, providing a solid foundation for further reforms.
She expressed confidence that the committee’s recommendations will help the government and banking sector accelerate India’s economic growth and support the Viksit Bharat vision.
The two-day conference is bringing together public sector banks and financial institutions to discuss major challenges and priorities facing the banking sector.