₹1.51 trillion to ₹101.69 trillion. However, on a year-on-year (y-o-y) basis, non-food credit has grown 6.2%, the data showed.“Banks are ready to lend only to the top-rated borrowers and that is happening in the bond market as well.
People are investing in public sector bonds and in those of highly-rated private companies," said Sabnavis.Bankers expect to see a pickup in credit from the latter part of the year.
Arijit Basu, managing director, State Bank of India (SBI) recently said at Mint’s Pivot or Perish webinar that he expects loans to grow from the December quarter of FY21.“As far as the retail side is concerned, the bank is trying its best.