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Won't See Credit Growth Cycles Of Upwards Of Rs 50,000 Crore Making A Comeback

Won't See Credit Growth Cycles Of Upwards Of Rs 50,000 Crore Making A Comeback

 

"While credit growth is picking up pace, we may not see demand as we used to in the past. Expect credit growth now to be smaller and granular. Getting more credit demand from smaller companies, as they are growing much faster than the larger companies", said Hitendra Dave, CEO, HSBC India in conversation with Udayan Mukherjee, Global Business Editor, India Today Group at the Business Today Banking Summit. Piyush N. Singh, Senior Managing Director and India Business Lead, Accenture on the other hand believe banks will have to partner with corporates to encourage them to invest in sorting their own internals, however, the exuberance in credit growth will be missing.