Credit demand may remain muted this festive season

Credit demand might remain lacklustre this festival season, too, say bankers. Bank credit, though, had shown a marginal uptick in the festival season of the past two years.

Credit demand in the past few months has been hovering around 8.5-9.7 per cent. Though this might pick up in the second half of the season, bankers said they expect it to be only in the early double digits.