India's banking credit growth to remain subdued in FY2026, lowered forecast: ICRA

New Delhi [India], January 2 (ANI): 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.

The revised outlook comes as banks shift focus toward reducing their credit-to-deposit (CD) ratio and curbing exposure to unsecured retail and non-banking financial companies (NBFCs), resulting in moderated credit growth.

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