Bank governance reforms emphasize stronger oversight and time bound resolution frameworks under the insolvency law and supervisory unification.
Public-sector banks face elevated non-performing assets from concentrated exposures, economic slowdown, regulatory delays and governance failures; the Insolvency and Bankruptcy Code and RBI time bound resolution frameworks, together with recapitalisation and bank amalgamations, are central to restoring asset quality and creating stronger, more competitive banks while supervisory and governance reforms aim to strengthen risk management across banks, NBFCs and urban co-operative banks.

Automatic exchange of financial account information strengthens bilateral tax transparency and detection of undeclared offshore accounts.
Enhanced bilateral cooperation centers on mutual administrative assistance and the commencement of automatic exchange of financial account information between India and Switzerland to detect undeclared offshore assets. The Secretaries welcomed progress in information sharing, encouraged competent authorities to improve data quality and collaboration, and agreed to continue dialogue to enhance cooperation under bilateral tax treaties, addressing digitalisation-related tax challenges and aligning on international responses such as measures to counter base erosion and profit shifting.