Banking, Financial Services Q2 Preview- Credit Cost To Remain Under Control; Steady Growth Outlook: KRChoksey
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KRChoksey Research Report
Credit growth is expected to witness favorable momentum as the festive season advances.
With the gradual easing of pandemic related restrictions and an intensified vaccination drive, most banks have experienced improved lending activity.
Retail, micro, small and medium enterprise, and agricultural credit demand is expected to rebound strongly.
We expect a substantial uptick in retail segment as there is an increase in demand for new home, vehicle and white goods financing., all of which are needs of Indian households during the festive season.
We anticipate corporate loan growth will remain subdued.
We anticipate strong assets under management growth, driven by asset prices, to continue. Inflows into mutual funds remain healthy.
We expect that the lifting of the lockdown restriction will improve overall performance for the non banking financial companies.
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