RBI should focus on streamlining credit pricing, monetary transmission: IMF

Bank credit growth grew to 12.94 per cent as of the end of June 2018 on a year-on-year basis

The International Monetary Fund (IMF) has estimated that bank credit growth to India’s private sector will touch 13.6 per cent by the end of the current financial year. 

The IMF’s estimates suggest after that it will decrease by 30 basis points to 13.3 per cent by the end of FY20. 

“The corporate sector has been deleveraging slowly and, while debt repayment capacity and profitability appear to have bottomed out, they remain weak in aggregate,” said the IMF in its Article IV report on India.

Bank credit growth grew to 12.94 per cent as of the end of June 2018 on