New Delhi, Jan 6 (IANS) Bank credit growth in India remained resilient, as gross banking credit (GBC) rose 7 per cent to Rs 1,95,273 billion in eight months of FY26 till November end, driven mainly by retail loans, a report said on Tuesday.The report from Crisil Intelligence said secured retail lending — notably housing and gold loans — accounted for a larger share of incremental credit. It said retail credit accounted for about one‑third of gross banking credit.Unsecured loan growth moderat…
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New Delhi, Jan 6 (IANS) The growth of India’s economy will be domestically driven by consumption and credit in FY27, with real GDP to rise about 7.2 per cent and nominal GDP improving by 11 per cent, a report said on Tuesday.The report from SBI Mutual Fund stated that bank credit growth is projected at 13-14 per cent in FY27. Bank credit rose from 9 per cent in May to 11.4 per cent by November 2025, with aggregate credit likely to grow by 10.5-11 per cent in FY26.Household credit is expected t…
New Delhi, Jan 2 (IANS) India’s nominal GDP growth is expected to improve to about 11 per cent in FY27 with real growth at 7.2 per cent, driven by domestic credit‑led consumption and policy support, a report said on Friday.The report from SBI Mutual Fund said that it is “constructive on growth” in the medium term with structural reforms and premiumisation driving the outlook, though global slowdown and geopolitics remain key risks. Real GDP growth in FY26 averaged 8 per cent year‑on‑year…