US EditionUnion Budget 2026: FM Announces Panel to Review Banking Sector, Move Aimed at Strengthening Banking System
Finance Minister Nirmala Sitharaman aims to align banking with India's growth by proposing a committee focused on financial stability, inclusion, and reform-led progress.
- On Sunday, Nirmala Sitharaman proposed setting up a high-level committee on 'Banking for Viksit Bharat' in her budget speech in New Delhi.
- Sitharaman said the Indian banking sector has strong balance sheets and historic high profitability, with improved asset quality and coverage positioning it to evaluate future reform needs.
- The FM said, `I propose setting up a high-level committee on banking for Viksit Bharat` to review the sector and added `Sabka Saath, Sabka Vikas` in her budget speech.
- The Budget also included a Rs 10,000 crore investment in the biopharma sector, a Rs 20,000-crore carbon capture and utilisation scheme, and seaplane manufacturing incentives.
- Policy signals include interventions in six areas and a semiconductor mission 2.0 focused on full-stack Indian IP, as proposed by the FM in her budget speech.
17 Articles
17 Articles
Budget 2026: What The New High Level Banking Committee Means For India’s Financial Future
Sitharaman said the committee will comprehensively review the financial sector and align it with India’s next phase of growth, while safeguarding financial stability, inclusion and consumer protection
Budget 2026: High-level committee on Banking to be set up for Indias next phase of growth - The Tribune
'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 said, in her 90-minute-long Budget speech.
Union Budget 2026: FM announces panel to review banking sector, move aimed at strengthening banking system
While presenting the 2026-27 Budget, Nirmala Sitharaman spoke about the strengths in the country’s banking sector — strong balance sheets, historic highs in profitability, improved asset quality and coverage exceeding 98 per cent of villages in the country.
Budget 2026: FM Sitharaman propose setting up high level committee on 'Banking for Viksit Bharat'
Finance Minister Nirmala Sitharaman on Sunday proposed setting up high level committee on 'Banking for Viksit Bharat'. "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," the FM said in her budget speech. "Today, Indian banking sector is characterised by a strong ba…
Banking for 2047: Sitharaman proposes high-level committee to review sector under Viksit Bharat
Union Budget 2026: India's banking sector is strong with improved balance sheets and high profits. Finance Minister Nirmala Sitharaman announced a high-level committee to review the system. This panel will chart the next phase of reform-led growth. It will also look at the role of Non-Banking Financial Companies. Public sector NBFCs will be restructured to improve efficiency and focus on key sectors.
Budget 2026 Banking Reforms: Sitharaman Sets Up Viksit Bharat Panel, Restructures PFC & REC - Business League
It’s Monday morning, February 2, 2026, and while the markets are still processing the “STT shock” from yesterday’s Budget, the financial sector just got a massive homework assignment. Finance Minister Nirmala Sitharaman has officially announced a “High-Level Committee on Banking for Viksit Bharat.” The thing is, the banking sector is technically at its “healthiest” ever—98% village coverage and record-low bad loans—so this isn’t a rescue mission…
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