India, Feb. 1 -- The Government of India has issued a release:
The Union Budget 2026-27 proposes to set up a 'High Level Committee on Banking for Viksit Bharat'. Presenting the Union Budget in Parliament today, the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman said that it will comprehensively review the financial sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection. Indian banking sector today is characterised by strong balance sheets, historic highs in profitability, improved asset quality and coverage exceeding 98% of villages in the country, the Union Budget noted.
The Union Budget proposes to restructure the Power Finance Corporation...