New Delhi, April 24 -- Credit growth is picking up momentum and could exceed 15% this year, making it the strongest in the last three years, said Adhil Shetty, co-founder and CEO of BankBazaar, on the sidelines of the 6th PICUP Fintech Conference and Awards organised by FICCI.

Citing December numbers that showed growth at 15-16%, about 5 percentage points higher than last year, Shetty said the uptrend is likely to continue as banks leverage better data and AI to improve systems and customer engagement. "I definitely see now with AI coming in with better data, usage of systems, that we will see something north of 15%," he said.

Shetty noted that while consumers remain savvy and continue to channel large sums into SIPs and mutual funds, t...