06 Nov 2026
Budget 2026 banking review panel puts regulatory coordination in focus
13 Feb 2026
13 Feb 2026
This is a link-enhanced version of an article that first appeared in Business Standard
Article Overview:
This article showcases how the Union Budget 2026 proposal for a high-level banking reforms committee comes amid the RBI’s strengthening of its internal regulatory review process, sharpening the focus on coordination across regulators. Nishith Mehta, Trilegal, emphasised that while banks remain foundational, reforms must adopt a forward-looking, system-wide lens spanning NBFCs, capital markets and fintech to strengthen resilience and credit efficiency.
Our Risk & Compliance Lead, Nishith Mehta, shared his perspective. Here’s what he had to say:
“Banks will continue to be the foundation of financial stability and credit delivery. At the same time, the structure of financial intermediation has evolved, with credit now flowing through a wider ecosystem that includes non-banking financial companies (NBFCs), capital markets and technology-enabled platforms.”
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