Crisil Ratings expects a 11-12% credit growth in the current financial year, backed by a pick-up in retail credit in the second half, the agency said in a webinar on Monday. Consumption push following GST rationalisation, lower inflation and better affordability in the lower interest rate regime will drive the growth, it said. “A slew of other regulatory measures such as revised LCR norms, rollback of higher risk weights on NBFC lending and the final project financing norms being less stringent than the draft ones have also removed potential constraints on the supply side. These should encourage banks to pursue credit growth,” Krishnan Sitharaman, chief ratings officer at Crisil Ratings, said.