RBI’s indicative projection for credit growth in 2011-2012

Indonesia stock info ; RBI’s indicative projection for credit growth in 2011-2012 is 18% for the industry. RamaGopal said that the bank’s growth would be above the system, but the bank was not aiming for growth far in excess of industry levels.

Through a combination of debt and equity capital, Indian Bank aims to boost business growth 22-23% in 2011-12, with advances growing 23-24% and deposits rising 20%.

“First quarter I am on course. Second quarter, let me see how the system is going to be,” he said. He said in Apr-Jun, the growth was around 22-23%, and aims to grow slightly above the system during the full fiscal.



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