Credit ceiling to support economic march in 2013

Wednesday, 13 February 2013 - 12:56


The credit ceiling in December 2012 was now expected to support the economy to move towards its full potential in 2013.

Compared to the increase of credit of 352 billion rupees extended to the private sector by commercial banks in 2012, the Central Bank expects credit to the private sector to increase by around Rs. 435 billion rupees in 2013.

Since such a credit growth will be compatible with the anticipated expansion in economic activity, it is not expected to fuel any demand driven inflationary pressures during the year.