Banking vision: India needs big, world-class banks, says FM Sitharaman; discussions on with RBI to expand scale

Finance Minister Nirmala Sitharaman highlighted India's need for large, world-class banks to fuel economic expansion. The government is actively discussing strategies with the RBI and lenders to build scale and strengthen the banking sector. This initiative aligns with ongoing efforts to consolidate public sector banks and advance the privatization of IDBI Bank.

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