Parliamentary Standing Committee on Finance Concludes Key Institutional Meetings in Bengaluru

A delegation from the Parliamentary Standing Committee on Finance, including Rajya Sabha Member and Lovely Professional University Founder Chancellor Dr. Ashok Kumar Mittal, conducted a two-day study visit to Bengaluru on May 5 and 6. The visit focused on strengthening institutional oversight and evaluating financial sector mechanisms critical to India’s economic resilience and sustainability.

The Committee held a series of high-level consultations with senior executives from leading public sector banks, financial institutions, and central public sector enterprises. Discussions covered a broad spectrum of subjects, including green financing, sustainable investments, rural and agricultural credit systems, ESG (Environmental, Social, and Governance) frameworks, insurance sector regulations, and the overall credit flow dynamics within India’s banking landscape.

Among the key institutions engaged during the visit were the Indian Renewable Energy Development Agency (IREDA), Indian Railway Finance Corporation (IRFC), Oil and Natural Gas Corporation (ONGC), Gas Authority of India Ltd (GAIL), and Canara Bank. These interactions are expected to play a pivotal role in shaping the Committee’s forthcoming recommendations to Parliament on improving the long-term sustainability and efficiency of India’s financial and public enterprise sectors.

Dr. Ashok Kumar Mittal emphasized the importance of informed policy-making rooted in ground-level realities and institutional dialogue. “Such engagements allow us to align governance priorities with the evolving needs of the financial sector and the larger economy,” he stated.

The visit underlined the Committee’s commitment to proactive, evidence-based legislative oversight and its role in ensuring robust and future-ready financial systems in the country.