Finance Minister Nirmala Sitharaman stated on Monday, August 17, 2026, that the government will soon establish a high-level committee on ‘Banking for Viksit Bharat’. The proposal for this panel, outlined in the annual budget, seeks a full review of the banking sector to support India’s upcoming growth stage. Speaking at the PSB Confluence, she noted the committee’s announcement is expected shortly and that it will submit recommendations to the government. The panel is intended to ensure financial stability, inclusion, and consumer protection during this alignment process.
