Credit growth surpasses GDP as banks and NBFCs drive economy
pre-market1 source ↓written by the desknot a recommendation
India’s banks and NBFCs are significantly boosting the economy, with credit growth outpacing GDP. A report from Motilal Oswal Financial Services indicates this trend will persist through FY25. Strong demand for loans, healthier balance sheets, and improved asset quality are enhancing lenders' confidence, suggesting robust growth potential ahead. 📈
Not investment advice. For informational purposes only.