The record haul of foreign currency non-resident-bank, or FCNR(B), deposits could temporarily push bank lending above the normal growth trends, Axis Bank chief executive Amitabh Chaudhry said, cautioning that the current 18-19% credit expansion could moderate over the full year as the economy absorbs the surplus liquidity. "I think I'll rely on my economists. They're saying 15% to 16% for the year. I think this 18-19% also has a base effect coming in, and FCNR(B) inflows could lead to some abnormal lending," Chaudhry said while speaking at the Global Fintech Fest 2026 in Mumbai.