Credit growth in FY22 to be in low double-digit: Care Ratings
Zee News
The slowdown in the economy can further delay the anticipated pick-up in credit growth apart from the likely impact on asset quality.
The credit growth for FY22 is likely to remain in the low double-digit on the back of muted economic activity, Care Ratings said on Saturday. The slowdown in the economy can further delay the anticipated pick-up in credit growth apart from the likely impact on asset quality. However, said Care, the sector`s medium-term prospects look promising with diminished corporate stress and increased provisioning levels across banks.More Related News