Credit Growth News - Latest Updates & Headlines
Regulatory easing to support India's credit growth expansion at 10.8% in FY26: ICRA
New Delhi, April 8: Rating agency ICRA expects India's credit growth to expand at 10.8 per cent in the current financial year 2025-26.
RBI's monetary policy easing likely to support 10.8 pc growth in credit in FY 2026: Report
Mumbai, April 8: Measures taken by the Reserve Bank of India (RBI) to ease the monetary policy in recent months are expected to support a year-on-year credit expansion of around 10.8 per cent at Rs 19 lakh crore to Rs 20.5 lakh crore in 2025-2026, according to an ICRA report released on Tuesday.
Credit growth of banks expected to reach 13 Pc in FY26 from 11.2 pc in FY25: Report
New Delhi, March 31: The credit growth of India's banking sector is likely to rise to 13 per cent in the financial year 2025-26 (FY26) from the current level of 11.2 per cent, according to a report by Anand Rathi.
Credit offtake continues to rise but at a slower pace: CareEdge Ratings
New Delhi, March 27: Credit offtake continues to rise but at a slower pace as compared to last year. As of March 7, total bank credit stood at Rs 181.3 lakh crore, reflecting an 11.1 per cent year-on-year (YoY) growth says a report by CareEdge Ratings
Govt schemes ramping up India's housing sector, credit growth at 14 pc: NHB report
New Delhi. March 12: The outlook for India’s housing sector remains promising, driven by budget announcements on PMAY 2.0, urbanisation, transit-oriented development and digitisation, according to the National Housing Bank report on "Trends and Progress of Housing in India 2024" released on Wednesday.
India's banking sector on recovery path, credit up to 11.4%, deposit up to 10.3% in Jan: Report
New Delhi, March 3: After witnessing a downward trend since April 2024, credit growth in India has shown signs of recovery, rising to 11.4 per cent in January 2025, compared to 11.2 per cent in December 2024, according to a report by Anand Rathi Research.
SBI reports 84% jump in net profit for Q3FY25, strong credit growth and improved asset quality
New Delhi, February 6: The State Bank of India (SBI) has reported a significant 84.32 per cent year-on-year (YoY) growth in net profit, reaching Rs16,891 crore in Q3FY25. This strong performance was driven by higher operating profit and improved asset quality.
Widened gap between credit and deposit requires further liquidity boost by RBI: Report
New Delhi, January 29: The Reserve Bank of India (RBI) should take further measures to boost liquidity says a report by the Union Bank of India.
Credit card usage in India grows as consumers finance consumption needs
New Delhi, Jan 27: Credit card usage in India grew at 34 per cent in the September quarter of 2024, compared to 26 per cent in the same period in 2023, as consumers increased spending on their existing credit cards to finance their consumption needs, according to a report on Monday.
Indian banks to see range-bound 12.5% credit growth in 2024-25: HSBC
New Delhi, January 3: Credit growth of Indian banks are expected to witness a range-bound 12.5 per cent growth in the current financial year 2025, HSBC Global Research said in a report, attaching a rider that slowdown in GDP growth remains a downside risk.
India's banking credit growth to remain subdued in FY2026, lowered forecast: ICRA
New Delhi, January 2: Credit rating agency ICRA has lowered its banking credit growth estimate for FY2025 to 10.5-11.0 per cent, down from its previous forecast of 11.6-12.5 per cent.