ICRA raises FY26 bank credit growth forecast on GST-led demand uptick - Business Standard

ICRA upgrades bank credit growth estimates on GST reforms With improved demand in retail and micro, small and medium enterprise (MSME) segments after Goods and Services Tax (GST) rationalisation, rating agency ICRA said banks in India are expected to lend an additional Rs 50,000 crore, taking total credit expansion to Rs 19.5–21 trillion in the current financial year (FY26). The credit growth…