Banks Credit Growth: Bank of Maharashtra said its loans expanded by 25 per cent YoY to Rs.1.75 trillion. This pace was much higher than the banking system's 15.4 per cent growth till June 16, 2023, according to RBI
Interest rates may have increased at a fast clip over the last year, but that hasn t dented the appetite for loans. In fact in the 2022-23 financial year, credit offtake hit a 11 year high, growing 15 per cent
Medium-term prospects look promising with diminished corporate stress and a substantial buffer for provisions. However, inflation remains a key risk. Even as RBI has managed domestic inflation to some extent, global inflation has remained high despite hawkish policies