India’s loan growth to rise amid RBI & govt push: Nomura
Nomura expects India's loan growth to accelerate, driven by stabilising asset quality and policy support from the government and RBI. Unsecured retail loans, making up 10% of system credit, are set to gain momentum. Improved liquidity, RBI rate cuts, and tax relief measures are likely to boost credit expansion, with system credit projected to grow 12% YoY by FY26.