Banking Sector - Credit Growth Supported By MSME, Housing, Vehicle Businesses: IDBI Capital
Security men stand guard inside a branch of the State Bank of India at Nariman Point, Mumbai. (Photographer: Sebastian Di Souza/Bloomberg News)

Banking Sector - Credit Growth Supported By MSME, Housing, Vehicle Businesses: IDBI Capital

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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.

IDBI Capital Report

Credit growth in May month seen slight uptick at 5.9% YoY from 5.7% YoY growth in April month (6.1% in May’20), led by services credit and industry credit growth.

Agriculture credit growth continues to decline to 10.3% YoY vs 11.3% YoY in April. Industry portfolio turned positive and continues to grow in May month and registered growth of 0.8%. This was led by medium industry which registered 45.8% YoY growth vs 43.8% YoY growth in April and continues to show improvement as risk-averse banks lend under credit guarantee scheme to MSME borrowers.

Click on the attachment to read the full report:

IDBI Capital Banks Credit Report July 2.pdf

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