Not only RBI, government and rating agencies but, also bankers are not too optimistic about credit growth this year. It's just the first quarter and banks are already thinking of revising their credit growth target for FY12, reports Gopika Gopakumar of CNBC-TV18.
Banks like State Bank of India , ICICI and Union Bank which were targeting a growth of above 20% are now lowering it to a realistic 18%. Even brokerages are going with a sub-18% growth expectation for this fiscal, lower than RBI's projection of 19%. SBIDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
