Banks May Have To Slowdown Loan Growth in FY25, Says S&P

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Banks May Have To Slowdown Loan Growth in FY25, Says S&P

Indian banks' credit growth, profitability and asset quality would remain robust in current fiscal reflecting strong economic growth, but they may be compelled to slow down their loan growth as deposits are not growing at a similar pace, S&P Global Ratings has said.In the Asia-Pacific 2Q 2024 Banking Update, S&P Global Ratings Director SSEA Nikita Anand said the agency expects the sector's strong credit growth to moderate to 14% in FY25, from 16…