Govt to constitute high-level committee on banking soon: FM Sitharaman ...Middle East

Business Standard - Economy

The government will soon constitute a High-Level Committee on Banking for Viksit Bharat to draw up a blueprint to create mega-lenders capable of meeting the financing needs of a developed India, Finance Minister Nirmala Sitharaman said. "We want the committee to tell us what kind of things we need to do so that banking is made available for funding Viksit Bharat," she told PTI Videos in an interview. Asked if it would suggest a merger of public sector banks, Sitharaman said one should not narrow it down like that. "It is for India's banking sector to be made big enough, big enough in the sense, made or primed to take care of Viksit Bharat funding. You have to reach Viksit Bharat destination...it (Viksit Bharat) needs money, it needs financing, it needs credit, it needs banking facility to reach the common man." When asked about the timeframe for formation of the committee, she said, "We will do it at the earliest". "I propose setting up a 'High Level Committee on Banking for Viksi

Hence then, the article about govt to constitute high level committee on banking soon fm sitharaman was published today ( Sunday 08/02/2026 - 10:20 AM ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Govt to constitute high-level committee on banking soon: FM Sitharaman )

Last updated : 08 February 2026 clock 10:20 AM

Also on site :

Govt to constitute high-level committee on banking soon: FM Sitharaman ...Middle East

Mili launches Mili Office, agentic AI Platform for wealth advisors

Capital Constellation forma una asociación estratégica con Gallatin Point Capital

World Record Set: Pyrotecnico Debuts Pyrotechnic Drone Technology at Largest Daytime Fireworks Display

Rolls-Royce Set for £1.5 Billion Investor Windfall

Ukraine Strikes Russia's Druzhba Pipeline Network

Have Markets Mispriced the Danger of an Iran Escalation?

Big Oil Challenges $5 Billion Environmental Fine in Kazakhstan

Trump Administration Scrambles to Pick Up the Pieces of Broken Tariffs

The AI Revolution in Selfcare: Fresha Reports 1 in 4 Bookings Driven by Google Gemini and AI Agents as Marketplace ROI Hits 9x

iCAUR V27 Jeddah media test drive: Conquering city roads with new energy technology and urban mobility

Saudi Arabia’s New U.S. LNG Deal Marks a Stunning Geopolitical Reversal

ANSI Appoints Ed Anderson as Chief Digital Officer

CEIS .. POWER DELIVERS NUCLEAR ENGINEERING & WORKPLACE SUPPORT ACROSS THE U.S. NUCLEAR FLEET

Wonderschool Powers the Nation's Top Two Child Care Finders, According to First-Ever National Analysis

UN Secretary General: Clean Energy Future Is within Reach