....We maintain our view that FY13 will be another tough year for the banking sector. The macro environment is likely to remain difficult, particularly in contrast to the sharp recovery of FY10,” it said.
Overall credit and deposit growth will remain sluggish, with deposits at 16 per cent and credit at 17 per cent. It will be on account of low investment activity as well as tight interest rates, the report said, adding RBI will continue to fight inflation which is heading north........
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