New Delhi, Oct. 31 -- The government has constituted a High-Level Committee on Banking for Viksit Bharat to review the banking sector and recommend structural, institutional, regulatory and legislative reforms to make it globally competitive, financially inclusive and resilient by 2047 , the Ministry of Finance said in a release.

Former Central Vigilance Commissioner Suresh N Patel will chair the six-member committee, which will include RBI Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru, and former RBI Deputy Governor N S Vishwanathan. The Joint Secretary (Banking), Department of Financial Services, will serve as Member Secretary.

The committee will submit its recommendations within six months.

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