India Budget 2026: BFSI Sector Ka Mix Bag! Kisko Milega Boost, Kisko Chadhayegi Mehengai?

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AuthorAnanya Iyer|Published at:
India Budget 2026: BFSI Sector Ka Mix Bag! Kisko Milega Boost, Kisko Chadhayegi Mehengai?
Overview

Budget 2026 ne BFSI sector ke liye milaye-jule sanket diye hain. Ek taraf government ki badhti borrowing se bond yields badh rahe hain, jisse banks par thoda pressure aa sakta hai. Dusri taraf, UPI incentives mein zabardast hike se digital payment companies ki toh lottery lag gayi hai!

Budget 2026 aa gaya hai aur is baar finance sector, yani BFSI (Banking, Financial Services, Insurance) ke liye kuch kamaal ke aur kuch thode challenging updates hain. Samajhte hain kya hai poori kahaani.

Budget Ka Plan: Kaise chalega paisa?

Government ne FY27 ke liye ₹17.2 lakh crore ki gross market borrowing ka plan bataya hai. Iska matlab hai ki market mein paisa zyada aayega toh bond yields bhi upar jayenge. Isse banks ke treasury portfolios par thoda pressure aa sakta hai, aur NBFCs ke liye bhi funding mehngi ho sakti hai. Matlab, loan lene ka kharcha shayad thoda badhe.

Digital Payments Ka Toofani Tezi!

Lekin, sab kuch bura nahi hai! Digital payments ke liye toh budget ne khazana hi khol diya hai. UPI incentives ke liye FY27 mein ₹2,000 crore aur FY26 revise karke ₹2,196 crore ka amount diya hai. Yeh toh pichhle budget se kaafi zyada hai! Is news se toh Paytm jaisa stock 1.4% upar band hua aur Mobikwik bhi 4% bhaag gaya. Haan, industry walon ko lagta hai ki yeh paisa kam hai zero Merchant Discount Rate (MDR) transactions ke liye, par filhaal toh ye payment companies ke liye ek bada boost hai.

Banking Sector Aur Infra Mein Naye Kadam

Banks abhi kaafi strong hain, profits acche aa rahe hain. Toh government ne ek 'High-Level Committee on Banking for Viksit Bharat' banane ka socha hai jo aage ke reforms par kaam karegi. Infrastructure ko bhi boost dene ke liye ek 'Infrastructure Risk Guarantee Fund' banaya jayega, jisse private investment ko encourage kiya ja sake.

MSMEs Aur SMEs Ke Liye Support

Chhote aur majhle businesses (MSMEs aur SMEs) ko support karne ke liye ₹10,000 crore ka SME Growth Fund launch kiya gaya hai. Plus, Self-Reliant India Fund mein ₹2,000 crore aur daale jayenge micro enterprises ke liye. TReDS aur GeM jaise platforms ko bhi MSME liquidity improve karne ke liye use kiya jayega. Isse Karur Vysya Bank, City Union Bank, Federal Bank aur kai NBFCs jaise Cholamandalam Investment aur Bajaj Finance ko fayda ho sakta hai.

Corporate Restructuring Ka Bhi Plan

Public sector NBFCs, jaise Power Finance Corporation (PFC) aur Rural Electrification Corporation (REC), ko restructure karne ka bhi plan hai. REC ki market cap ₹95,942 crore hai, P/E ratio 5.56 hai aur dividend yield ~5% ke aas-paas hai. Iska stock 1.17% gira tha 1st Feb 2026 ko. Wahi, Cholamandalam Investment & Finance Company ki market cap ~₹1.33 lakh crore hai aur iska stock 1.95% gira tha uss din. PFC ne FY25 mein record ₹14,367 crore ka profit kamaya hai. Budget ke iss plan se market mein thoda change dekhne ko mil sakta hai.

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