Finance Minister Nirmala Sitharaman Announces Plans for World-Class Banking Institutions in India

Nov 06, 2025 08:46 pm CST

Finance Minister Nirmala Sitharaman has outlined the government's vision for creating world-class banking institutions in India, confirming ongoing discussions with the Reserve Bank and financial sector leaders. The initiative comes amid continued banking consolidation efforts and the strategic divestment of IDBI Bank, as India aims to strengthen its financial infrastructure while expanding credit flow to support industrial growth.