Bank credit likely to grow at 4-year high of 11-12% in FY23: Report

Bank credit likely to grow at 4-year high of 11-12% in FY23: Report

Bank credit likely to grow at 4-year high of 11-12% in FY23: ReportApr 29, 2022, 04:06 PM IST

"Healthy economic growth and budgetary support from the government should lift bank credit growth by 200-300 basis points to 11-12 per cent this fiscal," Crisil Ratings said in the report.

Two government nominee directors join board of IDBI BankApr 29, 2022, 03:57 PM IST

The government nominee directors are Manoj Sahay, Joint Secretary and Financial Advisor, and Sushil Kumar Singh, Director, Department of Financial Services, Ministry of Finance, according to a regulatory filing.

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