Leading private sector lender, Axis Bank has seen its credit growth picking up in the third quarter above the industry average, on the back of revival in economic activities, a top bank official said.
"The credit growth has been picking up, but slowly. In September, the average credit growth in the industry was 9.9%, while the figure in December has risen to 10.3%. We are slightly ahead of the industrial average," Axis Bank's managing director and CEO, Shikha Sharma said.
However, the pick up in credit growth over the past few months has been taking place slowly across different segments, Sharma told reporters on the sidelines of a seminar here.
"The credit growth has been picking up, but slowly. What we can say is we are in line with the industry. In fact, we are slightly ahead of the industrial average," Sharma said.
With inflation inching up, the Reserve Bank is likely to take actions in specific sectors, Sharma said.
"It is very tough to say what the regulator will do. But if we see it historically, they may take sector specific actions," she said.
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