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
The gross banking credit rose 9.6% YoY in March 2022. The non-food credit rose by 9.7% YoY as against a growth of 4.5% in March 2021, expanding by a huge 521 basis points YoY due to a low-base, pickup in the business activities, and credit push by the banks at the close of the fiscal year.
Besides, the gross credit growth was also better than the 8.2% growth reported in January 2022 and the 7.9% growth reported in February 2022.
The increase during March 2022 was due to credit growth in other personal loans (growth - 23.1%), micro, small and medium enterprises (growth of 34.3%) and non-banking financial companies (growth of 10.4%).
This growth was driven by an uptick in economic activities and comparatively lower interest rates.
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 author entity 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