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India pursues formation of world‑class banks to support growth
India aims to build global‑scale banks by engaging the RBI and major lenders to back its growth trajectory.
On 6 November 2025, the Nirmala Sitharaman, India’s Finance Minister, said the government is engaging with the Reserve Bank of India and major lenders to build “big, world‑class banks” capable of supporting the country’s rapidly expanding economy. The vision emphasises scale, stronger balance sheets and global competitiveness for Indian banks, aligning with the broader push for financial sector reform.