Budget

Budget moots comprehensive review of financial sector, PFC, REC to be restructured

“Indian banking sector today is characterised by strong balance sheets, historic highs in profitability, improved asset quality and coverage exceeding 98% of villages in the country,” says Finance Minister Nirmala Sitharaman

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Feb 1, 2026 - 22:35
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Budget moots comprehensive review of financial sector, PFC, REC to be restructured
“Indian banking sector today is characterised by strong balance sheets, historic highs in profitability, improved asset quality and coverage exceeding 98% of villages in the country,” says Finance Minister Nirmala Sitharaman
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