NBFC recognition, bond market push and foreign investment reforms welcomed
Financial sector stakeholders said the Budget provides a roadmap for strengthening India’s financial system while supporting long-term capital formation.
Mr. Ravi Narayanan, MD & CEO, SMFG India Credit, said the proposed high-level committee on banking recognises the complementary role of NBFCs in deepening credit penetration.
Mr. Vivek Sen, India Director, Climate Policy Initiative, said measures to deepen corporate bond markets and support climate-ready infrastructure could unlock capital flows and strengthen investor confidence.
Mr. Vishal Gada, Founder & CEO, Aurtus, said higher limits for foreign portfolio investors could improve liquidity and global participation in Indian equities.
Legal experts also pointed to reforms in foreign investment norms. Mr. Lokesh Shah, Partner, CMS INDUSLAW, said the review of FEMA (NDI) Rules signals potential simplification of foreign investment regulations.
Market participants said structured risk-sharing mechanisms could enable more sustainable credit expansion across sectors.