<h1>Financial sector reform: call to reduce NPAs and deepen regulatory reforms including licensing and FDI liberalisation.</h1> The statement prioritises sustained growth and inflation control while deepening financial sector reforms: set a GDP growth aspiration for the Twelfth Five Year Plan, tightened monetary policy, and measures to address supply chain bottlenecks. It announces institutional and regulatory steps including a Financial Sector Legislative Reforms Commission, issuance of additional private bank licences, potential liberalisation of FDI in financial services, and administrative simplification via electronic interfaces. Banks are urged to adopt stronger risk management, meet capital adequacy, reduce Non Performing Assets to earlier levels, pursue consolidation, leverage technology, and intensify financial inclusion efforts.