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

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
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 announced for 13 key sectors, will be the drivers. Sectors that should see the maximum growth, given their industry dynamics,

Also Read

Steel, auto, textile companies at heart of PLI scheme job target

What are the challenges facing the PLI scheme?

Top headlines: Govt to review PLI progress; Axis buys Citi's India's biz

TMS Ep141: Income tax changes, PLI challenges, markets, Bear Trap

Hike in import duties on components of mobile devices may nix PLI benefits

Kotak Mahindra Bank's chances of FTSE inclusion brighten

No constraint on tech spends: ICICI Bank executive director Anup Bagchi

Axis Bank Q4 net rises 54% at Rs 4,118 cr; net interest income up 17%

Axis Bank Q4 net profit soars 54% to Rs 4,118 cr; NII up 17%

ICICI Bank launches India's 'open-for-all' digital ecosystem for MSMEs

First Published: Apr 29 2022 | 3:18 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to