BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
During the fortnight ending August 14, 2020, deposit and non-food credit growth decelerated to 11% and 5.5% respectively, while investment growth accelerated to 21.2%.
Despite the modest deceleration in the fortnight, the uptrend of deposit growth continues.
During FY21 so far, bank deposit has increased by Rs 5.1 trillion,the highest ever of corresponding periods in any other past year.
Decelerating trend of non-food credit growth continues. During FY21 so far, bank credit has declined by Rs 1.7 trillion, the largest dip of corresponding periods of any other year.
Banks continue with aggressive investments. During FY21 so far, bank investment has increased by Rs 5.7 trillion, the highest ever during the corresponding periods of any other year in the past.
Banks are currently maintaining excess statutory liquidity ratio investment of Rs 16.3 trillion and net excess liquidity of Rs 6.8 trillion with the Reserve Bank of India.
The amounts parked by banks with the RBI increased by Rs 0.44 trillion in the last fortnight.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR