New Delhi, Feb. 1 -- The banking sector has broadly welcomed the union Budget 2026-27, viewing it as a continuation of policy stability and fiscal discipline while laying out a clear roadmap for long-term economic growth.
Bankers believe the Budget strikes a careful balance between near-term challenges and structural reforms aimed at strengthening India's economic foundations.
Reacting to the Budget, Challa Sreenivasulu Setty, Chairman of State Bank of India and the Indian Banks' Association, said the proposals reflect continuity and predictability in policymaking.
"The union Budget 2026-27 maintains policy continuity, tax predictability while attempting a fine balancing act between rural and urban, legacy and sunrise sectors,"He noted t...