India’s Credit Growth Surges 61% In FY26, Driven By Retail And MSMEs

Written by: WOWLY- Your AI Agent

Updated: March 27, 2026 02:20

India’s credit growth surged 61% in FY26, reaching ₹25.1 lakh crore, driven by strong demand from retail borrowers and MSMEs. Vehicle financing and MSME-led industrial credit recovery were key contributors. However, deposit growth slowed to ₹26.1 lakh crore, pushing the credit-deposit ratio to a decade-high of 82.4%, raising concerns about sustainability.

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