Finance Minister P Chidambaram announced the Union Budget 2005-06 in Parliamnet on Monday.
In his Budget speech the finance minister said Reserve Bank opf India will prepare a roadmap for banking sector reforms and the government will introduce a comprehensive amendment to the Banking Regulation Act.
The roadmap will aim at improving competition among nationalised banks as India's top bank SBI ranks only 82 in the world in terms of business.
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