The Times of India

Banking Sector Budget 2026 Live: Sitharaman announces Banking for Viksit Bharat panel

Finance Minister Nirmala Sitharaman announced a high-level committee, 'Banking for Viksit Bharat,' to align the banking sector with India's long-term development. This move signals a strategic push for public sector banks to become globally competitive, emphasizing governance, efficiency, and technology. The announcement follows a period of significant improvement in bank balance sheets and profitability.