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Monday, July 18, 2011

Bank of Baroda sees slowdown in credit offtake-CMD

MUMBAI: State-run lender Bank of Baroda is seeing credit offtake in general slowing down, while credit demand from infrastructure segment is not coming up, its Chairman and Managing Director said on Monday.

There are concerns regarding quality of credit given to the small and medium enterprises ( SME )) segment of the economy, M.D. Mallya told reporters.

On July 12, the lender increased its prime lending rate by 25 basis points to 14.5 percent.

Source: EconomicTimes


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