Credit rating agency ICRA in its latest report has said that banks' credit growth may ease to 9.7-10.3 percent in FY26, weighed down by the persisting high credit-to-deposit ratio and implementation of the proposed changes in the LCR framework. ICRA lowered FY25 credit growth estimate to 10.5-11 percent from its earlier estimate of 11.6-12.5 percent.