An inter-departmental committee, chaired by the Department of Financial Services and including representatives from the Ministry of Home Affairs, Ministry of External Affairs, Department of Commerce, and the Reserve Bank of India, has reviewed proposals from foreign banks seeking to establish branches, representative offices, or subsidiaries in India. The committee deliberated on these proposals, which were forwarded by the RBI, and recommended their approval. The government did not disclose the specific names of the banks or the number of proposals considered.