Indian Banking Sector Poised for Double-Digit Credit Growth Despite Macroeconomic Challenges Indian banking sector is confident of achieving sustained double-digit credit growth in various sectors. Demand for retail and SME loans is mainly driving this credit growth, according to the FICCI-IBA Bankers Survey. Respondents are optimistic about the emerging revival in private sector capital spending and improving asset quality. A significant majority expects that both retail loans and credit for small and medium businesses will continue to grow strongly.