India Banking Reforms: Centre Likely To Set Up High-Level Committee Before Monsoon Session

The Centre is likely to constitute a high-level banking committee ahead of Parliament's Monsoon Session to drive the next phase of banking reforms in India. Karishma Asoodani, Business Today, reports that the committee's terms of reference have been finalised and are awaiting the PMO's formal nod. The panel is expected to focus on public sector bank reforms, consolidation, higher FDI limits, and improving the global competitiveness of Indian banks. Sources also suggest that former DFS Secretary M. Nagaraju is among the names being considered to lead the committee. Watch the full report for exclusive details.