{"id":60336,"date":"2026-02-01T14:08:04","date_gmt":"2026-02-01T08:38:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=60336"},"modified":"2026-02-01T14:32:52","modified_gmt":"2026-02-01T09:02:52","slug":"budget-2026-impact-banking-and-nbfc","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/","title":{"rendered":"Budget 2026 Impact: Banking and NBFC Stocks React to Policy Changes"},"content":{"rendered":"<p>The Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, has delivered a mixed reaction in the stock market, with significant impacts across sectors. Budget allocation changes, policy reforms, and tax measures impact various industries. <strong>Here\u2019s a detailed look at how the budget has influenced the \u2018Banking\u2019 sector:<\/strong><strong>&nbsp;<\/strong><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Budget_Allocation_Snapshot\" title=\"Budget Allocation Snapshot\">Budget Allocation Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Banking_Sector_Budget_Allocation_FY_2026-27\" title=\"Banking Sector Budget Allocation (FY 2026-27)\">Banking Sector Budget Allocation (FY 2026-27)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Key_Announcements_in_the_Banking_Sector\" title=\"Key Announcements in the Banking Sector\">Key Announcements in the Banking Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Comparison_with_the_Previous_Year\" title=\"Comparison with the Previous Year\">Comparison with the Previous Year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Capital_Expenditure_Multiplier_Impact\" title=\"Capital Expenditure &amp; Multiplier Impact&nbsp;\">Capital Expenditure &amp; Multiplier Impact&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Impact_on_Industry_Market_Sentiment\" title=\"Impact on Industry &amp; Market Sentiment\">Impact on Industry &amp; Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Key_Stocks_Will_Perform_Well_in_the_Banking_Sector\" title=\"Key Stocks Will Perform Well in the Banking&nbsp; Sector&nbsp;\">Key Stocks Will Perform Well in the Banking&nbsp; Sector&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Public_Sector_Banks_PSBs\" title=\"Public Sector Banks (PSBs)\">Public Sector Banks (PSBs)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Private_Sector_Banks\" title=\"Private Sector Banks&nbsp;\">Private Sector Banks&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#NBFCs_Financial_Services_Companies\" title=\"NBFCs &amp; Financial Services Companies\">NBFCs &amp; Financial Services Companies<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Support_for_Banking_s_Startups_Employment\" title=\"Support for Banking s, Startups &amp; Employment&nbsp;\">Support for Banking s, Startups &amp; Employment&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Focus_on_National_Development_Union_Budget_2026\" title=\"Focus on National Development: Union Budget 2026\">Focus on National Development: Union Budget 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/budget-2026-impact-banking-and-nbfc\/#Execution_Remains_the_Key_on_Union_Budget\" title=\"Execution Remains the Key on Union Budget&nbsp;\">Execution Remains the Key on Union Budget&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Budget_Allocation_Snapshot\"><\/span><strong>Budget Allocation Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>This table gives you a quick comparison of government spending relevant to the sector across the previous financial year and the current budget year:&nbsp;<\/strong><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>FY 2025-26<\/strong><\/td><td><strong>FY 2026-2027<\/strong><\/td><td><strong>Change (in%)<\/strong><\/td><\/tr><tr><td><strong>Total allocation&nbsp;<\/strong><\/td><td>\u20b950,65, 345 crore<\/td><td>\u20b954,10,000<\/td><td>+6.8<\/td><\/tr><tr><td><strong>Revenue Expenditure&nbsp;<\/strong><\/td><td>\u20b939,44,255 crore<\/td><td>\u20b941,50,000<\/td><td>+5.3<\/td><\/tr><tr><td><strong>Capital Expenditure<\/strong><\/td><td>\u20b911,21,090 crore<\/td><td>\u20b912,20,000<\/td><td>+8.8<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Banking_Sector_Budget_Allocation_FY_2026-27\"><\/span><strong>Banking Sector Budget Allocation (FY 2026-27)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Union Budget 2026 places strong reliability of the Banking and NBFC ecosystem to support Viksit Bharat. While direct allocation figures are spread across multiple heads, <strong>the focus remains on structural reforms, credit expansion, and institutional efficiency rather than standalone spending.&nbsp;<\/strong><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Announcements_in_the_Banking_Sector\"><\/span><strong>Key Announcements in the Banking Sector<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>A high-level committee on banking for <strong>Viksit Bharat <\/strong>will be set up to comprehensively review the sector and coordinate with India\u2019s next phase of economic growth.&nbsp;<\/li>\n\n<li>The committee will ensure reforms<strong> safeguard financial stability, promote financial inclusion,<\/strong> and boost consumer protection<\/li>\n\n<li>The Budget outlines a structured roadmap for NBFCs under Viksit Bharat, with clear targets for credit disbursement<strong> and technology adoption<\/strong>.&nbsp;<\/li>\n\n<li><strong>NBFCs are expected <\/strong>to play a larger role in <strong>expanding credit access, <\/strong>particularly in underserved segments.&nbsp;<\/li>\n\n<li>As a first step towards achieving scale and efficiency, the government proposes restructuring <strong>Power Finance Corporation (PFC) <\/strong>and <strong>Rural Electrification Corporation (REC).&nbsp;<\/strong><\/li>\n\n<li><strong>&nbsp;<\/strong>These measures <strong>reflect the government&#8217;s intention for long-term structural reforms<\/strong> rather than short-term interventions in the banking and NBFC sectors.&nbsp;<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comparison_with_the_Previous_Year\"><\/span><strong>Comparison with the Previous Year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Compared to last year, the Union Budget 2026 shows a strategic shift from the <strong>previous focus <\/strong>towards <strong>current focus. <\/strong>While FY26 focused <strong>largely on capacity expansion, incentives, and demand support through various policy measures, <\/strong>the FY27 allocation highlights the government\u2019s intent to build long-term efficiency, competitiveness, and sustainability within the <strong>Banking sector. The focus has moved towards structural reforms, improved governance, technology adoption and financial stability and NBFCs.&nbsp;&nbsp;<\/strong><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Expenditure_Multiplier_Impact\"><\/span><strong>Capital Expenditure &amp; Multiplier Impact<\/strong><strong>&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>A capex outlay of<strong> <\/strong>\u20b912.2 lakh crore has been proposed in the Union Budget 2026, expected to create a strong multiplier effect across all industries, and higher capital spending is likely to<strong> support loan growth, asset quality improvement, and higher credit uptake for banks and NBFCs<\/strong>. Higher capex will increase demand for credit and financial services, and banks may see <strong>higher growth and project financing opportunities <\/strong>for public investment.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_Industry_Market_Sentiment\"><\/span><strong>Impact on Industry &amp; Market Sentiment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Market players have received the Budget announcements in the agricultural sector positively. Experts believe the increased allocation and announced changes may help agricultural players achieve greater revenue visibility and margins in the medium term.<\/p><p>The sectors expected to benefit the most from the policy thrust include banks. It will be seen as a<strong> positive impact for credit growth, clarity on banking reforms, credit expansion targets, and NBFC restructuring<\/strong>. With higher capex across sector, banks may see increased credit demand and growth opportunities, indirectly supporting lending volumes and revenue potential.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Stocks_Will_Perform_Well_in_the_Banking_Sector\"><\/span><strong>Key Stocks Will Perform Well in the Banking&nbsp; Sector&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Union Budget 2026 provides a boost to credit growth, NBFC reforms, and <strong>public sector bank efficiency, which is expected to positively impact banking stocks<\/strong>.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Public_Sector_Banks_PSBs\"><\/span><strong>Public Sector Banks (PSBs)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li><a href=\"https:\/\/univest.in\/stocks\/sbin\/state-bank-of-india-share-price-today\">State Bank of India (SBI)<\/a><\/li>\n\n<li><a href=\"https:\/\/univest.in\/stocks\/pnb\/punjab-national-bank-share-price-today\">Punjab National Bank (PNB)<\/a><\/li>\n\n<li><a href=\"https:\/\/univest.in\/stocks\/bankbaroda\/bank-of-baroda-share-price-today\">Bank of Baroda (BoB)<\/a><\/li><\/ul><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Private_Sector_Banks\"><\/span><strong>Private Sector Banks&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li><a href=\"https:\/\/univest.in\/stocks\/hdfcbank\/hdfc-bank-ltd-share-price-today\">HDFC Bank<\/a><\/li>\n\n<li><a href=\"https:\/\/univest.in\/stocks\/icicibank\/icici-bank-ltd-share-price-today\">ICICI Bank<\/a><\/li>\n\n<li><a href=\"https:\/\/univest.in\/stocks\/axisbank\/axis-bank-ltd-share-price-today\">Axis Bank<\/a><\/li><\/ul><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NBFCs_Financial_Services_Companies\"><\/span><strong>NBFCs &amp; Financial Services Companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li><a href=\"https:\/\/univest.in\/stocks\/pfc\/power-finance-corporation-ltd-share-price-today\">Power Finance Corporation (PFC)<\/a><\/li>\n\n<li>Rural Electrification Corporation (REC)<\/li>\n\n<li><a href=\"https:\/\/univest.in\/stocks\/shriramfin\/shriram-finance-ltd-share-price-today\">Shriram Transport Finance\u00a0<\/a><\/li>\n\n<li><a href=\"https:\/\/univest.in\/stocks\/bajfinance\/bajaj-finance-ltd-share-price-today\">Bajaj Finance\u00a0\u00a0<\/a><\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Support_for_Banking_s_Startups_Employment\"><\/span><strong>Support for Banking s, Startups &amp; Employment<\/strong><strong>&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Union Budget 2026 continues its focus on Banking s and startups within the Banking Sector through targeted credit support, incentives, and stabilisation. These measures are expected to generate employment across skilled and semi-skilled categories while strengthening the sector\u2019s supply chain.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Focus_on_National_Development_Union_Budget_2026\"><\/span><strong>Focus on National Development: Union Budget 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As the government&#8217;s initiatives in the agricultural sector reflect its development priorities, they include Atmanirbhar Bharat, Make in India, Digital India, and Green Growth. The government&#8217;s main aim is to efficiently utilise resources and promote sustainable growth to accelerate innovation across all sectors. <strong>Overall, the Budget focused on the sectoral growth for national development, while creating employment and strengthening infrastructure.&nbsp;<\/strong><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Execution_Remains_the_Key_on_Union_Budget\"><\/span><strong>Execution Remains the Key on Union Budget<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2><p>However, according to experts, the implementation process must be effective. This will ensure that the time taken for the release of funds and the coordination between the central and state governments do not hamper the effectiveness of the announced initiatives in the Union Budget 2026.<\/p><p>External factors, such as {{Global Economic Trends \/ Commodity Prices \/ Interest Rates}}, could also affect the sector&#8217;s performance in FY27.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, has delivered a mixed reaction in the stock market, with significant impacts across sectors. Budget allocation changes, policy reforms, and tax measures impact various industries. Here\u2019s a detailed look at how the budget has influenced the \u2018Banking\u2019 sector:&nbsp; Budget Allocation Snapshot This table gives you<\/p>\n","protected":false},"author":23,"featured_media":60337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842,24],"tags":[3802,3829],"class_list":["post-60336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-market","tag-news","tag-union-budget-2026"],"metadata":{"_edit_lock":["1769936589:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["78"],"rank_math_title":["Budget 2026 Impact Banking and NBFC Stocks React to Policy Changes"],"rank_math_description":["Budget 2026 banking and NBFC stocks through credit growth, reform-led efficiency, NBFC restructuring, and higher capital expenditure and more!"],"rank_math_focus_keyword":["budget,Banking and NBFC Stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"_thumbnail_id":["60337"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["6059"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/01140247\/Budget-2026-Impact-Banking-and-NBFC-Stocks-React-to-Policy-Changes-.jpg.jpeg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/60336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=60336"}],"version-history":[{"count":2,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/60336\/revisions"}],"predecessor-version":[{"id":60347,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/60336\/revisions\/60347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/60337"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=60336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=60336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=60336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}