# High-level panel on banking for Viksit Bharat to be announced soon

2026-08-17T15:31:01+00:00 | Governance | Indian Opinion Desk

Corroboration: 2 independent outlets

Finance minister Nirmala Sitharaman said on Monday the government will soon announce a high-level committee on banking reforms for Viksit Bharat. The statement came on the first day of a two-day Public Sector Bank Confluence 2026, organised by the Department of Financial Services. Sitharaman said the recommendations from the confluence will provide substantive inputs to the proposed panel. The confluence covers seven themes: deposit mobilisation, banking for youth, supporting the investment cycle, enabling Global Capability Centres, strengthening agriculture and horticulture value chain infrastructure, reimagining the credit card business, and priority sector lending. Sitharaman noted that historically low non-performing assets put the banking sector in a position of strength for the next phase of reforms. The high-level committee was first announced in her February 1 Budget speech. The finance minister will return on the second day to hear a consolidated brief from banking leaders. The remaining themes will be taken up on day two, with presentations on actionable strategies.

## Coverage

- bfsi.economictimes.indiatimes.com <https://bfsi.economictimes.indiatimes.com/articles/high-level-banking-committee-for-viksit-bharat-to-be-announced-soon-says-sitharaman/133290858>
- livemint.com <https://www.livemint.com/industry/banking/government-banking-reforms-panel-viksit-bharat-psb-confluence-2026-11786971699560.html>

This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources. Last updated 2026-08-17T16:33:06+00:00.

Tags: Department of Financial Services, Nirmala Sitharaman, public sector banks, Viksit Bharat
Canonical: https://indianopinion.org/high-level-banking-committee-for-viksit-bharat-to-be-announced-soon/
License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources.
Cite: https://indianopinion.org/high-level-banking-committee-for-viksit-bharat-to-be-announced-soon/#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/
