BANKING

Union Budget 2023: While credit growth till October this fiscal has been 8.4%, retail and corporate lending is expected to be robust in the fourth quarter, which should lead to full-year estimated credit growth of 13-15%. That compares with ~8% compound annual growth rate between fiscals 2017 and 2022. In the milieu, a few facilitations in the Union Budget for next fiscal will help the sector be more supportive of macroeconomic growth.

from Banking/Finance-Industry-Economic Times https://ift.tt/f1GDYqU
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