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The Economic Times

Economy / The Economic Times

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High-level panel to review bank ownership and consolidation for Viksit Bharat

A new committee will review India's banking sector. It aims to create fewer, larger banks. This will help fund big projects for India's growth. The panel will also look at ownership rules for private banks. This could attract more foreign investors. The goal is to align banks with India's vision for a developed nation by 2047.

2 Feb 2026 12:21 am