Union Budget 2026: Finance Minister Nirmala Sitharaman proposed a high-level committee on ‘Banking for Viksit Bharat’ as she highlighted strong balance sheets, record profitability and inclusive growth.
3 min read1 Feb 2026The government is drawing up a fresh blueprint to scale up select public sector banks, streamline overlapping operations of some, and pursue selective privatization of smaller lenders as part of a wider roadmap for banking sector reforms.
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