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Below is the Views On Budget Expectations Quotes By Mr. Jaikishan Parmar, Sr Equity Research Analyst, Angel Broking

`It will be a tough task for the Finance Minister this time around to prioritize between managing fiscal prudence or opting for an expansionary policy, the latter one might prop bond yields and the results could be inflationary. The present concern for the BFSI sector is that the excess liquidity in the system is not reaching to the NBFCs and effectively not to a beleaguered sector where credit is required more for survival than expansion.

There could be many ways the budget can help the BFSI sector, but to improve the overall health of the Banks/NBFCs/HFCs, the government should focus on improving the bigger sector, which can lift GDP growth i.e. real estate and infrastructure. The real estate sector contributes to over 8% of the Indian economy, and hence, support to this sector will eventually improve the overall health of the balance sheets of the banks. Though government has announced Rs25,000cr AIF, it needs to allot funds faster to stressed/stuck projects, which will improve the sentiments of home buyers. Further, only increasing the infra spending in infra will not work, and hence, government should bring holistic plans such as land acquisition planning and improve coordination between the myriad departments involved. Moreover, fast resolution mechanism for a stressed asset, creation of infra bank and continuation of partial guaranteed scheme liquidity for NBFCs will also work in a positive direction`

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