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.
Our analysis of Tamilnad Mercantile Bank Ltd. throws some interesting insights on the banking industry (in general) and banking in Tamil Nadu (in particular):
Tamil Nadu - a leading industrialised state in India, ranks second after Maharashtra in gross state domestic product;
Tamil Nadu has the highest per capita GDSP at current prices amongst industrialised states;
lower bank credit to gross domestic product ratio indicates potential for further lending in the state;
under-penetration of the Indian banking sector provides opportunities - the current bank credit-to-GDP ratio stands at 58% as of Q4 2020 and is amongst the lowest;
credit growth to revive sharply in FY22 despite Covid-19 second wave - private bank credit growth continues to outpace public bank growth in the medium term.
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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.
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