Union Budget 2026: Financial sector seeks action on credit risk, NBFC liquidity, bank consolidation

Описание: Ahead of the Union Budget 2026–27, the financial services sector has called for targeted policy action to address rising credit risks and liquidity pressures, especially in the NBFC segment. Vivek Ramji Iyer, Partner and Leader – Financial Services at Grant Thornton Bharat, said a special liquidity window for NBFCs could help prevent liquidity stress from turning into solvency risk.

He also flagged growing stress in unsecured lending, particularly in MSMEs and microfinance, amid global uncertainty impacting export-linked borrowers. Iyer said a balanced asset quality approach and refinancing support for vulnerable MSMEs would be critical.

On banking reforms, he stressed the need for consolidation, especially in urban cooperative banks, and attracting private capital. He also said the sector expects higher Budget focus on AI, quantum computing, public digital infrastructure, and financial literacy to balance innovation with consumer protection.

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