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Credit slowdown unlikely, says Crisil

A further slowing in credit growth is unlikely as companies may not postpone their capital expenditure plans, according to Crisil Managing Director and Chief Executive Officer Roopa Kudva.  According to the Reserve Bank of India's data last week, bank credit rose 23.3 per cent in the year to November 23 from 28.8 per cent a year ago.  Banks' credit growth in the second half of the current financial year has remained subdued following the series of monetary tightening steps by the Reserve Bank of India in the last three years. RBI projected a credit growth of 20-25 per cent in ...