Finance Minister to Announce High-Powered Committee on Banking Reforms

Finance Minister Nirmala Sitharaman announced on August 17, 2026, that the government will soon form a high-powered committee to drive 'Banking for Viksit Bharat'.

The committee will focus on the next phase of banking reforms, emphasizing youth engagement, deposit growth, and strengthening Public Sector Banks (PSBs).

This initiative follows a period where Indian banks have achieved record-low Non-Performing Assets (NPAs), aiming to align the sector with global growth ambitions.