What is the purpose of the High Level Committee on Banking proposed in the Union Budget?

The committee aims to align the banking sector with India's next phase of growth while safeguarding financial stability, inclusion, and consumer protection.

How will the Budget's proposals affect NBFCs?

The Budget sets clear targets for NBFCs regarding credit disbursement and technology adoption, providing long-term direction for the segment.

What is Bandhan Bank's view on the Budget's financial sector initiatives?

Bandhan Bank's founder, Chandra Shekhar Ghosh, views the proposed committee and NBFC targets as significant positive steps for the financial sector's future.

Home / Business and Economy / Bandhan Bank Chief Backs Budget's Banking Panel

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.

Bandhan Bank Chief Backs Budget's Banking Panel

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.