Kotak Mahindra bank expects about 20 per cent growth in credit during the current fiscal, a senior executive said today. "This year we are aiming for 20 per cent growth. The credit offtake (corporate) in recent past has been slow. But as you see interest rates keep falling and you see some green shoots coming out in economy," Bank's Senior Executive Vice President Virat Diwanji told media-persons here. "It is clearly a sign of some positive development in the external environment. And as a result in the second half of the year we expect the demand from the corporate India to be really on the rise," Diwanji added. Last year, the bank witnessed 14-15 per cent growth in the overall credit offtake. Replying to a query, he said the corporate credit portfolio of the bank is close to Rs 1,18,000 crore which is one third of the total asset portfolio. On the Net Interest Margin (NIM), he said it would be about 4.35 to 4.50 per cent. Last quarter, the NIM was at 4.35 per cent. The Uday Kotak-led bank, which merged with ING Vysya Bank in a Rs 15,000 crore deal on\u00a0April 1\u00a0last year, had posted a consolidated net profit of Rs 2,090 crore, in 2015-16, up from Rs 1,866 crore in the preceding fiscal.