New Delhi, Oct. 30 -- New Delhi: The Centre on Friday constituted a high-level committee to review India's banking sector and recommend structural, institutional, regulatory and legislative reforms to make it globally competitive, financially inclusive and resilient by 2047, the Union finance ministry said in a statement on Friday.

The panel will be chaired by Suresh N. Patel, former central vigilance commissioner, and will have three members: Shirish Chandra Murmu, deputy governor of the Reserve Bank of India (RBI); Padmaja Chunduru, former managing director and chief executive of Indian Bank; and N.S. Vishwanathan, former deputy governor of RBI, the statement said.

The joint secretary (banking) in the department of financial services ...