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    • 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.

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