India's Financial Sector Pulse: Credit Boom, Insurance Mega-Merger, and NBFCs Go Global

Bank credit growth surged to 16.5% in June 2026, nearly double the 9.9% pace a year ago, while the weighted average lending rate on outstanding credit slipped to 9.26% from 9.71%, per RBI's latest BSR report. Female borrowers are outpacing the pack at 19.7% growth, and credit expansion above 21% in rural and semi-urban centres shows the lending rally is reaching deeper into India's economy. Nearly two-thirds of outstanding loans now carry...