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Economy

Budget likely to spell out roadmap for banking sector reforms, consolidation

Updated : June 09, 2019 01:56 PM IST

The first Budget of Modi 2.0 government is scheduled to be presented on July 5 by Finance Minister Nirmala Sitharaman.
The banking sector has an important role in the reinvigorating sagging economy, sources said, adding the Budget speech of the Finance Minister will contain roadmap for the reforms in the sector.
The upcoming Budget would also provide direction to the consolidation journey in the public sector banking space, started last year by effecting first three-way merger, they added.
Budget likely to spell out roadmap for banking sector reforms, consolidation
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