New 55% Off on All Courses - Enroll Now! Click Here

    Question

    What is the revised upward estimate for bank credit

    growth surpassing the previous projection in FY24, according to ICRA?
    A 10.5-11.0% Correct Answer Incorrect Answer
    B 12.8-13.0% Correct Answer Incorrect Answer
    C 14.9-15.3% Correct Answer Incorrect Answer
    D 16.0-16.5% Correct Answer Incorrect Answer
    E 18.2-18.5% Correct Answer Incorrect Answer

    Solution

    In a positive turn, ICRA has revised its bank credit growth estimates for FY24 upwards to 14.9-15.3%, surpassing the previous projection of 12.8-13.0%. The surge is attributed to robust performance in the retail segment and non-banking finance companies (NBFCs), according to Anil Gupta, Senior Vice President at ICRA.

    Practice Next