High-Level Committee on Banking to review key norms
pre-market1 source ↓written by the desknot a recommendation
The proposed High-Level Committee on Banking aims to review reserve ratio requirements and bank licensing norms to enhance India's credit-to-GDP ratio. Finance Minister Nirmala Sitharaman emphasized the need for reforms to align the banking sector with future growth while ensuring financial stability and consumer protection. The terms of reference will be announced soon.
Not investment advice. For informational purposes only.