# Banking reforms high-level panel to be set up this month: FM 2026-08-17T07:23:20+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets Finance Minister Nirmala Sitharaman said the government will announce members of the high-level committee on banking reforms soon, with a senior ministry official adding the panel is likely to be formed this month. Speaking at the PSB Confluence 2026 in New Delhi, Sitharaman said public sector banks will be expected to pivot strategies based on the committee's recommendations once its report is published, as per NDTV Profit. The committee was first announced in the Union Budget 2026-27 under the name High-Level Committee on Banking for Viksit Bharat. Sitharaman noted that non-performing assets are at their lowest levels, giving banks a stronger base for reforms. The panel will examine how the banking sector can support India's goal of becoming a developed nation by 2047. The government plans to act quickly on the committee's recommendations after submission. ## Coverage - indiatoday.in - ndtvprofit.com This story was synthesised by AI from the 2 sources linked above. Updated: this story now draws on 2 sources. Last updated 2026-08-17T07:45:38+00:00. Tags: Finance Ministry, Nirmala Sitharaman, PSB Confluence, Viksit Bharat Canonical: https://indianopinion.org/banking-reforms-panel-to-be-formed-soon-says-sitharaman/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/banking-reforms-panel-to-be-formed-soon-says-sitharaman/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/