In an interview with CNBC-TV18, MD Mallya, CMD of Bank of Baroda spoke about GDP figures and credit growth. Below is a verbatim transcript: Q: We are trying to recalibrate what the full year number might look like. What is your estimate? It's probably going to be much higher than 6.5%?
A: It could be more than 6.5%, nevertheless one would like to look at the break-up of numbers before coming to a conclusion. But, surprisingly, 7.9% for Q2 is a very pleasant number. So, going forward it looks very positive.
Q: If we are clocking nearly 8% GDP, at least on the evidence of pervious quarter - is it just a matter of time before credit growth picks up which is been tardy for the last two-three quarters?
A: I think this is what we have been maintaining for the last one month or so because we have seen a revival of the industrial segment. We have also seen lots of corporate coming in with investment plans as far as the projects are concerned. Therefore, yes, it's a matter of time before credit picks up very strongly.
In an interview with CNBC-TV18, 
