# Domestic consumption is sustaining the growth momentum in the economy, says Nirmala Sitharaman.

*business · news · 2026-04-24 · Outlook Business*

## Key points

- A committee under the Indian Banks Association is evaluating exclusive vs open architecture for third-party product sales.
- SBI Life's stock dropped following the finance minister's comments regarding bancassurance distribution models.
- Banks have been directed to coordinate responses to Anthropic's Mythos AI challenge under SBI's leadership.
- Non-performing assets at Indian banks are at multi-decade lows despite Middle East crisis concerns.
- The government has already provided targeted packages for entities impacted by recent US tariffs.

**Companies:** SBI
**Countries:** India

[Read the full story on Outlook Business](https://www.outlookbusiness.com/economy-and-policy/consumption-sustaining-growth-predictable-support-essential-for-gdp-expansion-fm)

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