Banking Reforms

Industry

Union Budget 2026: Sitharaman proposes high-level panel on ‘Banking for Viksit Bharat’ to boost NBFC efficiency

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 2026
Industry

Govt consolidation blueprint—UBI-BoI merger to create mega bank; Punjab & Sind Bank, BoM privatization on radar

The 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.

5 min read28 Oct 2025