<h1>Government Infuses Rs. 70,000 Crore into Public Banks; Strengthens RBI Oversight on NBFCs via Finance Bill.</h1> The government plans to infuse Rs. 70,000 crore into Public Sector Banks to enhance credit availability, alongside a six-month partial credit guarantee for first loss of up to 10%. Efforts are underway to strengthen the Reserve Bank of India's regulatory authority over Non-Banking Financial Companies (NBFCs) through the Finance Bill. The Finance Minister announced reforms to improve governance in banks and measures to empower account holders. The banking sector has seen significant recovery, with reduced NPAs and increased credit growth. Additionally, the consolidation of banks and easing of restrictions on NBFCs are highlighted as part of the broader financial reforms.