India, Oct. 30 -- The Government of India has issued a release:
The Government of India has constituted a High Level Committee on Banking for Viksit Bharat to undertake a review of India's banking sector and recommend structural, institutional, regulatory and legislative reforms necessary to make it globally competitive, financially inclusive, and resilient for Viksit Bharat, 2047. Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman during her Budget speech 2026-27 had announced setting up of the Committee.
Shri Suresh N. Patel, former Central Vigilance Commissioner will be the Chairman of the Committee. Besides, three distinguished experts- Shri Shirish Chandra Murmu (Deputy Governor, Reserve Bank of India), Smt. Padmaja Chunduru (Former MD & CEO, Indian Bank) and Shri N S Vishwanathan (Former Deputy Governor, Reserve Bank of India) will be the members of the Committee. The Joint Secretary (Banking), Department of Financial Services will be the Member Secretary of the Committee. The tenure of the Committee shall be six months.
The Terms of Reference of the Committee are as follows:
Disclaimer: Curated by HT Syndication.
