Bankers expect little risk to credit growth, asset quality from US tariffs

Indian banks are treading carefully as the 50% U.S. tariff comes into force, but top bankers expect only a marginal effect on credit growth and asset quality given the relatively small share of export credit. While sectors such as gems & jewellery and textiles face greater pressure, government support through fiscal relief and exporters’ efforts to tap new markets are expected to cushion the impact.