Home / Finance / News / Bank credit growth to hit 4-year high of 11-12% in FY23: CRISIL

Bank credit growth to hit 4-year high of 11-12% in FY23: CRISIL

Corporate segment credit pace to double at 8-9%

bank, credit, growth, loans, funding, capital, cash, m&a, payment

Premium

This is in sharp contrast to recent years when corporate credit, which accounts for 40 per cent of bank credit, grew very slowly

Abhijit Lele Mumbai

2 min read Last Updated : Apr 29 2022 | 3:18 PM IST

Healthy economic activity and budgetary support from the government would lift the bank credit growth by 200-300 basis points to 11-12% in the current fiscal ( FY23), according to CRISIL.

Krishnan Sitaraman, Deputy Chief Ratings Officer, CRISIL Ratings, “The biggest difference we expect this fiscal is the upshift in the corporate credit growth trajectory; we see it doubling to 8-9 per cent.". The Union Budget pegs public capex outlay at around Rs 7.5 trillion, a significant rise over last fiscal, with sharp focus on public infrastructure.

The downstream impact of this on core sectors, along with the Production Linked Incentive (PLI) scheme

Topics : bank credit growth Crisil report Banking sector

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in