Rana Kapoor, managing director and chief executive officer of Yes Bank comes across as a harbinger of hope. While the market today is fretting over GDP estimates falling down to 6.9%, and Kapoor agrees it is below expectations, he says that the economic climate is likely to improve in FY13.
Speaking to CNBC-TV18, he says that there is a possibility of further liquidity injection into the system and monetary action is a need of the hour.
Kapoor sees 16% credit growth this year and expects it to pick up to about 18% in the next fiscal. Restructured assets for YES Bank currently stand at Rs 175 crore.
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