SBI Chairman CS Setty Praises Pragmatic Union Budget 2026

• CS Setty, Chairman of SBI, commends Union Budget 2026 for its pragmatism and fiscal prudence, resisting populist temptations.
• The budget strategically prioritizes manufacturing sectors like semiconductors, electronics, rare earth corridors, biopharma, and textiles for value addition and job creation.
• Significant thrust on SMEs includes a Rs 10,000 crore SME Growth Fund and Rs 2,000 crore top-up for micro enterprises via SBI Ventures' SRI Fund.
• TReDS platform strengthened with CGTMSE cover for receivables and categorization as asset-backed securities, improving liquidity.
• Budget supports corporate and municipal bond markets, and proposes banking sector reforms with a high-level committee to prepare for Viksit Bharat.

Why It Matters: SBI Chairman CS Setty highlights Union Budget 2026's pragmatic approach, focusing on fiscal prudence, manufacturing, SME growth, and financial market deepening.