Banks Sectoral Credit - Growth Continues To Improve; Industry Growth Supported By MSME: IDBI Capital

Banks Sectoral Credit - Growth Continues To Improve; Industry Growth Supported By MSME: IDBI Capital

Men hold a two thousand Indian rupee banknote 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.

IDBI Capital Report

Credit growth continues to improve in August month; stood at 6.7% YoY as compared to 6.2% YoY in July, which could improve further in coming months with festive season and pick-up in economic activity.

Credit growth continues is upward trajectory, led by industry and personal credit.

Agriculture credit growth plunge at 11.3% YoY (12.4% YoY in July 2021).

Industry portfolio growth saw strong growth in August month at 2.3% YoY (1.0% YoY in July).

This was driven by micro and small credit growth as its continues to rise at 10.1% YoY (7.9% YoY in July).

Medium industry growth maintain uptick but saw some dip compared to July month 63.4% YoY (71.6% YoY in July).

Click on the attachment to read the full report:

IDBI Capital RBI Sectorial Credit Sector Update.pdf
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