Credit growth in FY'20 to touch 58 year low: Report

ICRA ratings suggest the bank credit is expected to grow at 6.5-7.0% during the current fiscal ending March 2020, a lowest in 58 years. Assuming a scenario of higher credit demand in the second half of FY’20 fresh loans extended by commercial banks could be Rs 6.7- Rs 7 lakh crore.

from Economy-News-Economic Times https://ift.tt/2EUNdtz