Credit growth in FY23 to reduce liquidity surplus in banking system: ICRA
April 06, 2022
ICRA Ratings expects the outlook for banks to be ‘stable’ in FY23, driven by improved credit growth of 8.9-10.2 per cent and decline in credit provisions. However, performance of restructured loan book poses uncertainty to asset quality, it cautioned
In its latest research note on the financial sector, the rating agency has estimated FY22 credit growth for banks at 8.3 per cent against 5.5 per cent growth in FY21.