https://www.taxtmi.com/news?id=70523 The government will set up a High-Level Committee on Banking for Viksit Bharat to recommend how to scale the banking sector to meet financing, credit and access needs while safeguarding financial stability, inclusion and consumer protection. The Budget also proposes restructuring public sector NBFCs, noting PFC's 2019 majority acquisition of REC and the PFC board's in-principle approval to merge REC into PFC to improve scale and efficiency. en-us Sun, 08 Feb 2026 12:16:03 +0530 Sun, 08 Feb 2026 12:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70523 The government will set up a High-Level Committee on Banking for Viksit Bharat to recommend how to scale the banking sector to meet financing, credit and access needs while safeguarding financial stability, inclusion and consumer protection. The Budget also proposes restructuring public sector NBFCs, noting PFC's 2019 majority acquisition of REC and the PFC board's in-principle approval to merge REC into PFC to improve scale and efficiency. News - Sun, 08 Feb 2026 12:16:03 +0530 https://www.taxtmi.com/news?id=70523