ICRA raises FY26 bank credit growth forecast on GST demand
after close1 source ↓written by the desknot a recommendation
- credit expansion
- ₹19.5–21 trillion
- growth rate
- 10.7–11.5%
- from the previous
- 10.4–11.3%
ICRA has upgraded its bank credit growth forecast for FY26, now estimating a total credit expansion of ₹19.5–21 trillion. This reflects a growth rate of 10.7–11.5%, up from the previous 10.4–11.3%. The increase is attributed to improved demand in the retail and MSME sectors following GST reforms. However, corporate credit demand remains subdued, raising questions about sustainability.
Not investment advice. For informational purposes only.