National News

High-Level Banking Reforms Committee

November 3 , 2026 12 hrs 0 min 25 0

The Union Government constituted a High-Level Committee on Banking for Viksit Bharat to recommend banking sector reforms in line with the vision of Viksit Bharat 2047.
The Committee will recommend structural, institutional, regulatory and legislative reforms to make India's banking sector globally competitive, financially inclusive and resilient.
It will be chaired by Suresh N. Patel, former Central Vigilance Commissioner.
Members include Reserve Bank of India (RBI) Deputy Governor Shirish Chandra Murmu, former Indian Bank Managing Director and Chief Executive Officer (MD & CEO) Padmaja Chunduru, and former RBI Deputy Governor N. S. Vishwanathan.
It will review banking practices, prudential norms and global best practices, and examine reforms for Regional Rural Banks (RRBs) and Cooperative Banks.
It will also prepare a roadmap for adopting Artificial Intelligence (AI) and digital innovations in banks, with safeguards against cyber risks.