Credit Growth

A lot of demand from the ECB market has shifted locally because the cost of borrowing in dollar has gone up so that is one driver which we believe is the reason why people have shifted to banks, domestic banks and apart from that yes you are right the inflation which has been ruling high. So there are few factors which are maybe structural in nature and few factors which could be basically temporary if the rate hike cycle in US ends and the dollar rate comes down possibly we could see moderation in the or a higher moderation in the domestic rate growth. Mr Gupta it's been a very delightful having you have a lot of insights from our conversation. Thank you.