The banking sector has the potential to touch double-digit loan growth next year as there are signs of corporate demand picking up and other credit avenues stabilising, a top official of HDFC Bank has said.
After clocking just under 10 per cent growth for almost a year, credit expansion fell to under 5 per cent starting November 2016. Since then it has been struggling to cross the double-digit mark on a sustained basis due to the impact of demonetisation and the implementation of goods and services tax (GST).
"The demand so far has been essentially driven by working capital and some short
