Bank credit growth to moderate in FY27: Expert Anand Rathi

India's bank credit growth may slow in FY27 despite strong demand from retail customers, MSMEs and corporates, says expert Anand Rathi. Higher interest rates, a stretched base and tighter liquidity are key headwinds. Industrial credit grew 23.4% YoY; personal loans rose 19.5%. Banking system liquidity turned near-neutral by late October after record surplus in September.