Indian Overseas Bank: Union Budget a Clear Roadmap for All-Round Growth

• Indian Overseas Bank (IOB) states the Union Budget provides a clear roadmap for all-round growth, balancing industrial scaling with job creation.
• IOB MD & CEO Ajay Kumar Srivastava highlights the budget's vision, anchored in accelerating growth, building capacity, and ensuring inclusive participation, which resonates with the banking sector.
• The budget includes a Rs 10,000 crore SME Growth Fund and mandatory TReDS use for CPSEs, offering structural support for small businesses to scale.
• Indian Bank's Binod Kumar notes a shift in MSME financing towards a full-stack growth model, reducing long-term credit risk for lenders.
• Karur Vysya Bank's Ramesh Babu praises the focus on fiscal consolidation, which will allow banks greater flexibility for priority sector lending and support economic stability.

Why It Matters: Indian banks view the Union Budget as a comprehensive plan for economic growth, job creation, and MSME support.