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.
Motilal Oswal Report
We hosted a roadshow for the Union Bank of India. The management highlighted the progress made on the overall book and shared its outlook on the way ahead. Here are the key takeaways:
India is expected to post the fastest economic growth among the major economies.
credit growth is showing signs of revival, with credit growth at ~7%.
the retail, micro, small and medium enterprise, and agri book is driving overall demand, with traction likely to remain healthy.
overall, systemic credit growth is likely to be 7–8%/12–13% for FY22/FY23.
the recovery environment has improved significantly in the current quarter. Thus, Union Bank of India expects to recover ~Rs 60 billion in H2 FY22. So the total reduction is expected to be ~Rs 160 billion in FY22.
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