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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.
Sources: Economic Times - Banking, Hindu, NDTV +13 more
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