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Credit growth may moderate to 13-13.5 pc this fiscal: Report

Credit growth in India is expected to moderate to 13-13.5% this fiscal year, but improve slightly to 13.5-14% next year as the economy picks up pace, according to a report by Crisil Ratings. The moderation in credit growth is driven by low demand in wholesale credit, which constitutes 60% of overall credit. Retail credit demand will continue to rise this year, while corporate credit demand is expected to pick up in the next fiscal year due to capex revival. ....

Krishnan Sitaraman , Crisil Ratings , Subha Sri Narayanan , Credit Growth , Wholesale Credit , Fiscal Year , Low Demand In Wholesale , Credit Growth Moderation , Reserve Bank Of India ,