But he is confident that corporate credit will pick up on the back of economic revival and pick up in economic activity. The bank hopes that its credit growth to move into double-digits in the second quarter of FY22 as corporate spending picks pace.
"I am quite confident that the infrastructure outlay announced in the budget will go a long way to build up demand. which will lead to the creation of more capacity. In due course, we will see more term loan requests. We will probably see more people approaching the market to raise equity and debt," according to Khara.