Credit growth in the country is unlikely to revive "materially" in near term as demand conditions are still acting as a laggard, says an SBI report.
As the overall credit off take started losing steam on the back of rising interest rates, the Reserve Bank of India (RBI) on Tuesday asked banks to step up their lending to the micro industrial sector.
Vice chairman and CEO of HDFC Bank Keki Mistry and chief economist of Kotak Mahindra Bank Indranil Pan, in an interview on CNBC-TV18 debated on what this would mean for the banking industry and home loan borrowers at large.