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.
Systematix Research Report
State Bank of India’s Q1 FY22 show was below the domestic banking industry’s performance in terms of balance-sheet expansion; domestic credit and deposit growth was 5.6% and 9.2% YoY versus 6.2% and 9.8% YoY for the banking industry.
Traction in the overseas credit book pushed overall credit growth at 5.8% YoY.
Current account and savings account deposit grew 10.7% YoY; domestic CASA composition was stable at 46% on a QoQ basis.
SBI’s current account deposit growth contracted 17.5% QoQ; 10% of the contraction was due to the Reserve Bank of India’s guidelines on current account deposits while the remaining 7.5% was due to the cyclicality in the first quarters.
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