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Bandhan Bank Chief Backs Budget's Banking Panel
2 Feb
Summary
- A high-level committee on banking for Viksit Bharat was proposed in the Union Budget.
- The committee aims to align the banking sector with India's growth and ensure financial stability.
- Budget proposals also target NBFCs with credit disbursement and technology adoption goals.
Chandra Shekhar Ghosh, founder and Group Chairman of Bandhan Bank, has expressed strong support for the Union Budget's initiative to create a High Level Committee on Banking. This proposed committee is intended to guide the banking sector towards India's next phase of growth.
The committee's mandate includes safeguarding financial stability, promoting inclusion, and ensuring consumer protection. Ghosh highlighted its potential role in shaping future banking regulations, especially for institutions focused on micro-credit and inclusive lending.
Furthermore, the Budget outlines specific objectives for Non-Banking Financial Companies (NBFCs), focusing on credit disbursement and technological advancements. Ghosh emphasized that policy clarity and stability are vital for uninterrupted credit flow to borrowers.
Industry experts anticipate these measures will foster structural improvements across the financial sector, reinforcing the roles of banks and NBFCs in sustainable economic development.
