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 Securities Report
In this series of Indian States Banking Barometer, we deep-dive into one of the leading and dominant Gujarat market, which commands 5% share in bank credit / deposit. Distinct characteristics of the state include:
Credit-heavy market with private banks/small finance banks credit-deposit ratio at more than 100%. However, public sector undertaking banks and State Bank of India pull state average down to 79%;
Gross added is largely led by industry and manufacturing, and state credit to gross domestic product remains lower at ~39%.
Industry and retail loans contribute majorly to state credit; private banks are dominant in retail loans (housing and credit card in particular).
Share of small loans in state credit is ~5% versus national average of 9%.
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.