New Delhi, Oct. 30 -- The government has constituted a high level committee on banking for Viksit Bharat for a period of six months to review the banking sector and recommend structural, regulatory, institutional and legislative reforms to make it globally competitive, inclusive and resilient.
Former Central Vigilance Commissioner (CVC) Suresh N Patel will chair the six-month committee. Its members include RBI Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru, and former Reserve Bank Deputy Governor N S Vishwanathan.
The Joint Secretary (Banking), Department of Financial Services, will be its Member Secretary.
The panel will assess banking practices and prudential norms, review regulatory and legal frameworks, and examine long-term capital requirements of banks, DFIs and NBFCs.
It will also suggest measures to boost private investment, prepare a roadmap for AI and digital innovation with cybersecurity safeguards, and review Priority Sector Lending and the Lead Bank Scheme.
Published by HT Digital Content Services with permission from Millennium Post.