SBI Chairman Rajnish Kumar Reacts on Union Budget 2018

“A very comprehensive budget comprising key measures that would have a positive impact on various segments including tenant farmers, 10 crore poor families, senior citizens, among others. Combined with these, the idea of a national gold policy and integration of the TReDS platform with GSTN for the SME are all significant policy changes aimed at transforming the overall economy. Involving bright students to improve the level of education should have a telling impact on the quality of teaching in our country. Further, retaining net market borrowings for FY’19 at almost the same level as in the current year will compensate for higher fiscal deficit envisaged in the budget. Overall, we believe all these measures will augur well for meaningful growth in FY’19.”