Union Finance Minister Nirmala Sitharaman has said that India’s reform trajectory has reached another milestone today with the CCEA’s approval of IDBI Bank’s strategic restructuring.
In a social media post, the Finance Minister said that the Government is now enabling its next phase of growth through the infusion of Foreign Direct Investment while retaining a minority stake. Ms Sitharaman said that this will not only strengthen the banking ecosystem but also help banking services surpass global benchmarks. She added that the restructuring of IDBI Bank reinforces that India’s growth story is strong, its economy is resilient, and the government’s commitment to reform is unwavering. She said the Government is shaping a future-ready financial sector dedicated to empowering customers, backing entrepreneurs, and fuelling the vision of a Viksit Bharat with an unshakable resolve toward economic transformation
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