GST rate cuts to fuel credit growth for banks, NBFCs: Icra
Published on: Sept. 10, 2025, 8:38 p.m. | Source: The Financial Express
GST rate cuts are set to boost credit growth for banks and NBFCs, says Icra. Bank credit is projected to rise 10-11% in FY26, while NBFCs may grow 15-17%. Despite risks from tariffs, SME stress and microfinance, strong capital buffers and lower funding costs support a stable outlook.
