Union Budget 2026 approaches as India’s fintech sector undergoes a structural shift. AI has now become the backbone of digital lending in the country, with 90% of Indian companies operating in the banking, financial services, and insurance sector including AI in their strategy, according to a Scielo Brazil study. The rapid adoption prompted the Reserve Bank of India (RBI) to publish the Framework for Responsible, Explainable, and Ethical AI last year to help companies manage AI risks.

Over the past decade, India’s financial ecosystem has steadily turned digital, with the government, through successive Union Budgets, supporting measures including digital public infrastructure, India Stack, Account Aggregator Framework, and regulatory sandbox, as well as expansion of credit guarantee schemes and increased capital expenditure

Budget 2026 is expected to reflect the industry’s evolving role in credit delivery, financial inclusion, and digital infrastructure...

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