Fixing NBFCs, cleaning up bank balance sheets among govt's 100-day plan

In the next 100 days, during which falls the Union Budget in July, the government will be busy with pending issues

The National Democratic Alli­ance government’s resounding return to power will signify policy continuity, and that’s a great relief for the investor community.

Most of the important policies would be related to the financial sector, going by the tasks left undone by the previous government.

The biggest agenda is consolidation in the public sector banking space. The government has merged State Bank of India associates with the parent, bunching Bharatiya Mahila Bank with it. The consolidation of Bank of Baroda with Vijaya Bank and Dena Bank took place in April.

More will come as the government aims to create big Indian banks. Bank of