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Indian Banks Expected to See 10–12% Credit Growth Over Next Five Years

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Mumbai, Jan 28 (IANS) Indian banks are expected to witness credit growth at about 10–12 per cent compound annual growth rate (CAGR) over the next five years, higher than deposit growth of roughly 9–11 per cent, a report said on Wednesday.The report from Brickwork Ratings said credit‑to‑deposit ratios are likely to remain in the high‑70s to low‑80s range unless a major structural shift occurs. The rating agency said that retail, MSME and services will be key drivers of credit growth w…