Canara Bank eyes about 20% credit growth

Jaipur: Post-pandemic, the economy has revived, and credit growth has been on the uptick, said Brij Mohan Sharma, executive director of Canara bank here on Tuesday. He said the bank’s credit offtake is expected to remain in the vicinity of 20%, which is decent. The bank is also planning to add 500 more branches in the next 6 months. “We will add 500 more branches in the next 6 months, taking the total to 10,000,” said Sharma. With regard to the interest rate hike cycle, Sharma said there is still inflationary pressure, and some rate hikes cannot be ruled out.tnn