GST rate cut to spur credit growth of banks, NBFCs: Report

IANS | September 10, 2025 12:41 PM

New Delhi, Sep 10 (IANS) The incremental credit flow of banks is expected to rise to Rs.19-20.5 lakh crore in FY2026 from Rs.18 lakh crore in FY2025 which represents a year-on-year (YoY) growth of 10.4-11.3 per cent for banks in the current financial year compared to 10.9 per cent in FY2025, according to an ICRA report released on Wednesday.

Fitch raises India’s FY26 growth forecast to 6.9 pc on robust demand, investments

IANS | September 10, 2025 11:58 AM

New Delhi, Sep 10 (IANS) India is showing resilience amid geo-political uncertainties and is projected to stay above 6 per cent growth over the next three years -- amid a raised outlook of 6.9 per cent growth in current fiscal -- according to the latest Fitch Ratings’ ‘Global Economic Outlook’ released on Wednesday.