Banks are now favouring borrowers with top credit scores. This shift reflects caution in lending. New customers are also getting fewer loans. Despite this, the overall credit market is improving. Asset quality is better. Gold loans are seeing a surge in volume and value. They now lead retail lending.
No need for a rate hike unless inflation spikes: Economists
Bank economists have told the Reserve Bank of India that there is no immediate need to raise the repo rate or change the monetary policy
April 2, 2026