Despite gloomy headlines, Deepak Shenoy of Capitalmind MF sees a better ground reality for markets, backed by strong corporate earnings and encouraging bank credit growth. He favors industrials, import substitution, and manufacturing, with defence and semicon…

The domestic banking sector recorded strong credit growth in FY26, with non-food credit (NFC) rising 15.9 per cent year-on-year, supported by broad-based growth across key segments, according to a report by ICICI Bank.
Bank credit growth saw a slowdown to 15 per cent in the fortnight ending April 15. This follows a period of rapid lending ahead of the financial year-end. Despite the recent dip, credit growth has maintained double digits for over seven months. This indicates…