At the 2026 CII Summit, NK Singh, Chairman of the 15th Finance Commission, outlined a bold roadmap for India's banking evolution. Highlighting the Finance Minister’s new banking committee, Singh pushed for a major shift: using a deep bond market for infrastructure to free up commercial banks for core lending. He echoed Mahendra Dev’s call to redefine Priority Sector Lending (PSL) norms and praised the "visionary" presentations of CMs Chandrababu Naidu and Yogi Adityanath. Their far-reaching state growth models, combined with banking efficiency and lower intermediation costs, are set to be the primary engines for India’s next economic leap.
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