Given the uncertainties, both in the domestic and external fronts, one cannot be sure whether growth slowdown has bottomed out. Gradual recovery will be aided by the concerted efforts made by the Government for fiscal consolidation and boosting private investments. There are number of nascent signs of revival of growth which are likely to be supported by expected normal monsoon.
Even in these trying economic conditions, there is a plethora of opportunities for the banks to provide the much needed fillip to the economy.