BFSI - Changing Landscape For Banks, NPA Issues Behind: ICICI Direct

BFSI - Changing Landscape For Banks, NPA Issues Behind: ICICI Direct

A man holds 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.

ICICI Direct Report

With delinquencies largely having materialised and restructuring done, we believe the impact of the second wave of the pandemic is largely behind us and the banking sector is on the cusp of sustained recovery path.

Credit growth has seen a gradual pick-up and reached 7.3% YoY as on December 3, 2021, with retail and micro, small and medium enterprise leading the way while the corporate segment is showing green shoots of revival.

As markets have been focusing on fintechs as the future of the Indian financial industry, new age IPOs throwing newer opportunities. Digital currency has remained the talk of the town. Digital currency (encrypted form) has been garnering attention of the investor community with global crypto market reaching over $2.6 trillion; in India it is ~$15 billion.

Click on the attachment to read the full report:

ICICI Direct BFSI Sector Report.pdf
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