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Below the Quote on Budget 2026 Reaction by Mr Rohit Garg, Founder & CEO, Olyv

The proposed Banking for Viksit Bharat committee signals a clear intent to strengthen India’s financial system in step with the economy’s rising credit needs. A comprehensive review spanning both banks and NBFCs is critical, given the role NBFCs play in expanding retail credit and supporting formal banking. The focus should be on addressing structural inefficiencies affecting credit flow, pricing, and risk management, while driving better governance, transparency, and technology-led efficiencies. Crucially, reforms must balance innovation with robust regulatory oversight to safeguard financial stability. Sustainable growth will ultimately depend on execution, regulatory alignment, and prudent lending practices rather than short-term policy measures.

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