The slowdown in the growth of business credit is reflected in virtually all economic sectors, and is in line with the moderation of growth in economic activity. For instance, the annual growth in non-mining GDP slowed to 5.1 percent in the twelve months to September 2013, compared to 8 percent a year earlier.
Banks have to prepare themselves for meeting this responsibility by nurturing a healthier balance sheet. I conclude by wishing the State Bank of Mysore management the very best on this occasion and thank you all for patient hearing! BIS central bankers’ speeches  7