The loan growth numbers for most banks in FY13, despite being lower than their initial targets, would not have been as bad as the market was fearing, given the weakness in the economy. But a decent chunk of that growth could well be 'inorganic' in nature. Towards the end of a financial year seasoned bank chairpersons are known to use a few tricks of the trade to achieve RBI projected loan and deposit growth in the last seven days before their book closures. Call it window dressing or whatever, this is the traditional practice..........
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