New Delhi, April 9 -- April 9:India offers a compelling growth opportunity for foreign banks and the government is actively encouraging foreign investment in the banking sector, Union Finance Minister Nirmala Sitharaman has stressed.

Addressing the India-UK Investor Roundtable discussion in London with around 60 investors, representing various pension funds, insurance companies, banks and other financial institutions in London, the Union Minister outlined priorities of the government for enabling sustained economic growth and investment opportunities with the policy support that is shaping New India.

She highlighted the efforts being made by the government to pursue process and governance reforms to reduce compliance burden and ease re...