Banking, Financial Services Q2 Preview- Credit Cost To Remain Under Control; Steady Growth Outlook: KRChoksey

Banking, Financial Services Q2 Preview- Credit Cost To Remain Under Control; Steady Growth Outlook: KRChoksey

Indian two thousand and five hundered rupee notes arranged for photogaph. (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.

KRChoksey Research Report

Credit growth is expected to witness favorable momentum as the festive season advances.

With the gradual easing of pandemic related restrictions and an intensified vaccination drive, most banks have experienced improved lending activity.

Retail, micro, small and medium enterprise, and agricultural credit demand is expected to rebound strongly.

We expect a substantial uptick in retail segment as there is an increase in demand for new home, vehicle and white goods financing., all of which are needs of Indian households during the festive season.

We anticipate corporate loan growth will remain subdued.

We anticipate strong assets under management growth, driven by asset prices, to continue. Inflows into mutual funds remain healthy.

We expect that the lifting of the lockdown restriction will improve overall performance for the non banking financial companies.

Click on the attachment to read the full report:

KRChoksey Banking and Financial Services Q2FY22 Preview.pdf
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