- The Government of India has constituted a High-Level Committee on Banking for Viksit Bharat to recommend structural reforms and strategic pathways for the banking sector. - The committee aims to align the banking sector with the vision of transforming India into a developed nation (Viksit Bharat) by 2047. - It focuses on enhancing financial inclusion, credit growth, technology adoption, and robust risk management to support sustainable economic expansion. - **Viksit Bharat:** A Government of India initiative aimed at transforming India into a developed nation by 2047, focusing on economic prosperity, social inclusion, and global competitiveness. - **High Level Committee on Banking for Viksit Bharat:** A government-appointed panel chaired by Suresh N. Patel to review banking regulations, prudential norms, and recommend structural reforms to build globally competitive banks for Viksit Bharat 2047. **Introduction** The Government of India has constituted the 'High Level Committee on Banking for Viksit Bharat' to strategize and recommend comprehensive banking reforms required to support India's vision of becoming a developed nation by 2047, focusing on credit adequacy, financial inclusion, technology integration, and long-term economic growth. **Core Issue and Detailed Points** - The Government of India has constituted a High-Level Committee on Banking for Viksit Bharat to recommend structural reforms and strategic pathways for the banking sector. - The committee aims to align the banking sector with the vision of transforming India into a developed nation (Viksit Bharat) by 2047. - It focuses on enhancing financial inclusion, credit growth, technology adoption, and robust risk management to support sustainable economic expansion. **Key Statutory Bodies, Acts & Concepts** - **Viksit Bharat:** A Government of India initiative aimed at transforming India into a developed nation by 2047, focusing on economic prosperity, social inclusion, and global competitiveness. - **High Level Committee on Banking for Viksit Bharat:** A government-appointed panel chaired by Suresh N. Patel to review banking regulations, prudential norms, and recommend structural reforms to build globally competitive banks for Viksit Bharat 2047.