As economy turtles south, credit growth may plunge to 58-year low in FY20

Credit growth was a high 13.3 per cent in the previous fiscal, says rating agency Icra in a report. If the forecast turns out to be true, this will be lowest credit growth in as many as 58 years -- credit growth stood at a low 5.4 per cent in FY 1962.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Zt0F1e