Despite higher interest rates, Fitch predicts strong bank loan growth in FY23
Fitch has reported high growth of bank loans in FY 23 despite high interest rates of Indian banks. It also predicted rise in competition for deposits over time due to higher rates
With the normalisation of the economic activity post-COVID-19 pandemic, Fitch Ratings on Monday predicted of strong bank loan growth in the current financial year.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more