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Funding conditions will constrain loan growth for many banks in India. Credit demand is strong, but banks lack deposits. S&P Global Ratings expects credit growth to moderate to 14% in fiscal 2025. Margins will fall due to deposit competition, squeezing bank margins to 2.9%. ....
However, Fitch has warned that a sharp or sustained rise in energy prices, given the ongoing geo-political risks, presents downside risks to the projection. On the economy, it expects the country to be among the world s fastest-growing large sovereigns, with resilient GDP growth of 6.5 per cent in FY25, marginally down from a likely 6.9 per cent GDP print this fiscal. ....