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

Corporate segment credit pace to double at 8-9%

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