New Delhi, Feb. 4 -- Financial Services Secretary M Nagaraju announced Monday that the income tax measures introduced in the Union Budget 2025-26 are projected to generate additional bank deposits of Rs 40,000-45,000 crore, enhancing banks' lending capacity and potentially easing sector liquidity constraints.

During a post-Budget media interaction, Nagaraju detailed how the tax initiatives presented by Finance Minister Nirmala Sitharaman on Saturday would contribute to this financial boost.

The Budget's key provisions include elevated TDS thresholds for senior citizens and other individuals, along with modifications to the New Tax Regime (NTR) featuring reduced tax rates and increased rebates.

The government anticipates that these tax ...