Credit growth likely to be brisk in FY24 if inflation moderates, cost of credit remains low: Survey
Talking about the banking sector in India, the Survey said it has also responded in equal measure to the demand for credit as the year on year growth in credit since the January-March quarter of 2022 has moved into double digits and is rising across most sectors.
The Micro, Small and Medium Enterprises sector witnessed a credit growth of about 31 per cent in January-November 2022. Pic: Reuters