Startup And Fundraising 31 October 2026
India Announces Six-Month Banking Reform Push
Finance Minister Nirmala Sitharaman has launched a six‑month banking reform agenda aimed at overhauling India’s financial architecture by 2047. The plan targets tighter regulation, digital upgrades, and enhanced risk management across banks and financial institutions, seeking to modernise the sector and improve stability.
India’s finance ministry unveiled a rapid‑track, six‑month reform programme to reshape the country’s banking system before 2047.
- Regulatory tightening: New oversight rules to curb risky lending.
- Digital transformation: Accelerated rollout of fintech solutions and secure payment networks.
- Risk management: Strengthened capital buffers and stress‑testing for banks.
The reforms aim to build a more resilient, technology‑driven financial architecture. Source: Economic Times article
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