Indian banks' credit growth drags but may improve by March

MUMBAI: Indian banks' advances continued to limp at the end of 10 months of the financial year 2012-13 compared with a year earlier, but bankers expect a late demand from corporates and loans to the farm sector to prop up growth before the year-end on March 31. 

So far this fiscal, banks' advances grew 8.7 per cent, compared with 11.2 per cent a year earlier, while deposit growth was 7.8 per cent compared with 11.4 per cent in the same period a year earlier, data from the Reserve Bank of India showed on Wednesday. 

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