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Bankers remain optimistic on loan demand across sectors
February 20, 2023
“Bankers are highly optimistic of credit demand across all the main sectors in the coming quarters, viz., Q4:2022-23 to Q2:2023-24,” an article published in the Reserve Bank of India’s February Bulletin showed. Lenders also expect easier terms and conditions for loans, going forward, it said.
During the first nine months of fiscal 2022-23, non-food credit grew at 11.9 per cent to ₹133.04 lakh crore from ₹118.91 lakh crore as at end-March 2022.
Bank of Baroda in a recent report said it expects the bank credit to be around 14-15 per cent in FY23. A Bank Lending Survey for third quarter of 2022-23, released earlier this month by the Reserve Bank of India (RBI), showed that bankers’ net response on loan demand for all sectors in Q4 FY23 stood at 43.3 per cent.
Net response is computed as the difference of percentage of banks reporting increase/optimism and those reporting decrease/pessimism in respective parameters. It ranges between -100 to 100. Any value greater than zero indicates expansion or optimism and value less than zero indicates contraction or pessimism.
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