If the overall liquidity for the last two months is still around Rs 100,000–110,000 crore, then the credit growth that banks have been talking about is not there. The projection for credit growth is a function of a number of things. Some sectors are doing better than the others, but overall demand for credit is still relatively sluggish.
Improving access to financial services remains one of the major developmental challenges in the country and a collaborative effort is needed to extend financial services to the unbanked majority. It is estimated that approximately 85 percent of the adult population is excluded from the formal financial sector and live a subsistence lifestyle well below global poverty line.