Banking sector budget 2026: Nirmala Sitharaman announces ‘Banking for Viksit Bharat’ panel
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Union Finance Minister Nirmala Sitharaman announced a high-level committee on “Banking for Viksit Bharat” to review the financial sector for India's next growth phase. The vision for NBFCs includes clear targets for credit disbursement and technology adoption, with public sector NBFCs set for restructuring. The banking sector currently shows strong balance sheets and high profitability.
