Economy News
Formal economy getting more digital and transparent for lenders… there’s clarity in credit book: Federal Bank MD

SHYAM SRINIVASAN, Managing Director and CEO, Federal Bank expects banking sector credit to grow at 13-14 per cent in fiscal 2024. In an interview to HITESH VYAS and GEORGE MATHEW, Srinivasan says rural demand has started picking up. He believes that inflation, which is currently above the Reserve Bank of India’s (RBI) comfort zone, is trending in the right direction. Excerpts: Given the improvement in credit growth and profitability, what is your assessment on the banking sector?

News Source:- https://indianexpress.com/article/business/economy/the-formal-economy-is-getting-more-digital-and-more-transparent-for-lenders-theres-clarity-in-credit-book-federal-bank-md-8944478/