New Delhi, Feb. 2 -- The High Level Committee on Banking for Viksit Bharat, announced by the Union Finance Minister Nirmala Sitharaman during the Budget 2026 speech, should address some key matters such as ownership structure and voting rights of promoters, said credit rating agency ICRA on Monday.

The committee should address some matters such as ownership structure and voting rights of promoters as these continue to dampen private sector and foreign investor participation, ICRA said in its report.

The banking sector has undergone significant consolidation since the merger among public sector banks in 2020 while bank privatisation has not seen material progress, it highlighted.

Finance Minister had said, the High Level Committee on Ba...