New Delhi, Jan. 2 -- India's banking sector has remained resilient, underpinned by calibrated risk management and improving asset quality, with overall credit offtake expected to strengthen in the near term as interest rates soften, GST rationalisation progresses, and festive demand continues, according to a report by Bank of Baroda.

The report, authored by economist Jahnavi Prabhakar, attributed the positive outlook to supportive liquidity enhancement measures by the Reserve Bank of India, which are expected to enable banks to step up lending.

The Bank of Baroda report put out on Friday asserted that overall bank credit growth accelerated to 11.5 per cent in November 2025 from 10.6 per cent a year earlier, with outstanding bank credit ...