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According a senior executive, the Kotak Mahindra bank is aiming about 20 percent growth in credit during the current fiscal.
Virat Diwanji, Bank’s Senior Executive Vice President has said that “This year we are aiming for 20 percent growth. The credit offtake (corporate) in recent past has been slow. But as you see interest rates keep falling and you see some green shoots coming out in economy.”
He said further that “It is clearly a sign of some positive development in the external environment. And as a result in the second half of the year we expect the demand from the corporate India to be really on the rise.”
The bank, during last year, witnessed 14-15 percent growth in the overall credit offtake.
