India Ratings projects credit growth at 13% and deposit growth at 11.4% for FY27

Exam-focused facts from the 20 January 2026 current affairs briefing.

Key facts

India Ratings & Research expects advances growth to remain at 13% for FY27, unchanged from FY26.
Deposit growth is forecast at 11.4% in FY27, up from 10.7% in FY26.
The loan-to-deposit ratio is projected to rise to 83.2% in FY27 from 81.9% in FY26 and 80.3% in FY25.
Banks are expected to bridge the funding gap by tapping the certificate of deposit and corporate bond markets.
Gross non-performing assets are projected to fall to 1.9% in FY26 and 1.7% in FY27 from 2.2% in FY25.
Non-bank finance companies are projected to record moderated loan growth of 15%-16% in FY27, down from 18% in FY26.