New Delhi, Feb. 9 -- The government will soon constitute a High-Level Committee on Banking for Viksit Bharat to draw up a roadmap for strengthening the banking sector to meet the financing needs of a developed India, Finance Minister Nirmala Sitharaman has said.

The move is part of the Budget proposals aimed at further strengthening India's banking sector which is crucial for achieving higher industrial and overall economic growth. Speaking to PTI, the Finance Minister said the proposed committee will comprehensively review the banking sector and suggest measures to align it with India's next phase of growth.

"We want the committee to tell us what kind of things we need to do so that banking is made available for funding Viksit Bharat,"...