India's banking sector faces profound challenges from digital disruption and AI, necessitating urgent reforms. The article stresses the need for an expert committee, announced by the Finance Minister, to craft a blueprint for future-ready banks, especially public sector ones. It notes incomplete past reforms in areas like government stake and priority lending. The committee should address competition from fintech, the e-rupee's potential impact, and the RBI's role. The objective is to foster commercially viable, accessible, and competitive banks capable of navigating evolving financial landscapes and serving national aspirations.