Bank Credit Deployment In November - Growth In Roads, Small Ticket Personal Loans: CareEdge

Bank Credit Deployment In November - Growth In Roads, Small Ticket Personal Loans: CareEdge

Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CareEdge Research Report

Non-food credit rose by 7.1% YoY in November 2021 as against a rise of 5.9% growth in November 2020, expanding by 119 basis points YoY and 18 bps month-on-month due to a pickup in business activities and festive season.

Additionally, various banks have also conducted credit outreach program in October and November 2021, resulting in pushing the credit growth. The growth was primarily driven by the retail (11.6%), agriculture (10.4%), and micro small and medium enterprises (SMEs), however, large industry growth remained flat, while services segment growth decelerated in November 2021.

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CareEdge Update on Bank Credit Deployment.pdf
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