Banks may have to slowdown loan growth in FY€™25: S&P.

According to an article titled "Banks may have to slowdown loan growth in FY'25: S&P," Indian banks may need to slow down their loan growth in the coming fiscal year due to deposits not growing at a similar pace. S&P Global Ratings predicts that credit growth in the sector will moderate to 14% in FY25, down from 16% in FY24, if deposit growth remains tepid. In another article, it is reported that Groww Pay, the UPI payments platform of broking firm Groww, has been granted an online payment aggregator license by the Reserve Bank of India. Additionally, a report by FinTech company Tide reveals that while access to credit exists for women entrepreneurs, there is also a high degree of informal borrowing. [Extracted from the article]