GST cuts spur credit revival; growth seen at 12% in FY26, 13% in FY27: MoSL

New Delhi [India], January 2 (ANI): Credit growth in the country is expected to remain at around 12 per cent year-on-year in FY26 and improve to nearly 13 per cent in FY27, while deposit growth is likely to stay steady at about 10 per cent year-on-year in FY26, according to a report by Motilal Oswal Financial Services.

The report said that system credit growth has started showing early signs of revival. As of Dec