After a robust 15.9% growth in FY23, India’s bank credit is expected to moderate to 13-13.5% in FY24, then improve to 13.5-14% in FY25, as per CRISIL. This slowdown is due to factors such as a lower GDP growth projection of 6%, easing inflation, reduced bond market competition, and a high-base effect from the strong FY23 performance. Within credit types, wholesale credit is slowing to 11-11.5%, while retail credit maintains a healthy 19-20% growth rate. The credit-deposit growth gap is expected to narrow to 200 basis points from 500. On Thursday, Bank NIFTY closed at 44,300.95 points, down 0.60%.