Bank Credit 2021 Outlook - On The Cusp Of Releveraging: ICICI Securities
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ICICI Securities Report
With collection efficiency trends and credit cost expectations reining in a lot of enthusiasm for financial stocks, another critical vector driving earnings and valuation rerating is going to be credit growth.
We believe India Inc, after undergoing a phase of deleveraging over the past few years, is now better positioned and confident to anvil on the path of releveraging.
Indian financiers, too, have saddled themselves with ample liquidity/capital buffer to tap the emerging opportunity.
Does this mean we are at an inflection point with respect to credit growth outlook?
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