Retail, NBFCs drive credit offtake in FY23
India's gross bank credit off-take rose 15% in FY23 to ₹136.8 lakh crore. The growth was led by sectors such as NBFCs, personal loan and services segments.
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Incremental growth in FY22 over FY21 was ₹9.41 lakh crore.
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Bank Credit in a Sweet Spot
As credit offtake improves due to growing corporate interest and optimism around GDP growth, the banking sector is set to reap the riches.
Bank credit growth remains robust despite rate hike, shows RBI data
Total bank credit rose by 16.4% on a YoY basis as of Sep’22, supported by higher non-food credit demand.
