The Centre has constituted a high-level committee to review India’s banking sector and recommend reforms to support the Viksit Bharat 2047 goal. Multiple outlets say the panel is intended to assess the existing banking framework and propose structural, regulatory and institutional changes.
Outlets identify Suresh N. Patel, a former Central Vigilance Commissioner, as the committee chair. Coverage also lists senior financial figures as members, including RBI Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru, and former RBI Deputy Governor N. S. Vishwanathan. The Economic Times additionally frames the work as covering prudential norms, regulatory and legal frameworks (including Regional Rural Banks and cooperative banks), and the long-term capital needs of the financial system.
Differences are mainly in how much detail outlets provide beyond the committee’s purpose and leadership. Some reports focus on the appointment and member list, while others describe specific areas of review such as capital requirements, global competitiveness, and implementation timelines.
