In the third quarter review of the monetary policy on Tuesday, Reserve Bank expressed concern about the credit quality in the expansion phase.
"While strong credit growth, which is well diversified, is a reflection of greater credit penetration and investment activity, there are concerns about credit quality in the expansion phase," it said.
The recent trends in credit growth warrant a reiteration of these concerns. The central bank urged banks to comprehensively review credit quality with segment-wise analysis of activities.