1
Mahabaleshwara MS, MD and CEO of Karnataka Bank, termed the Budget an ‘aspirational and pro-middle-class’ one.
“This is an aspirational and pro-middle-class budget, mainly for the reason that more thrust has been given to agriculture, affordable housing, tourism, renewable energy and infrastructure sectors. These are all the areas that could touch the middle-class population,” he said.
Another plus point is the enhancement of deposit insurance cover from ₹1 lakh to ₹5 lakh. This would help retail depositors, he said. The proposed mechanism for NBFCs and housing finance companies would further fuel the growth, he added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.