Banking - Sectoral Credit Deployment In July: Systematix

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.In July 2021, scheduled commercial banks’ non-food credit growth remained muted at 6.2% YoY as compared to 6.4% in July 2020 and 5.9% in June 2021. Agri/retail/services/industrials reported non-food credit growth of 12.4%/11.2%/2.7%/1.0% YoY, respectively. On an incremental basis, non-food credit expanded for the second consecutive month. The credit book expanded by Rs 780 billion on a month-on-month basis in July-21 but contracted by Rs 553 billion in FYTD22. Based on the overall composition of incremental credit expansion (on a net basis), we believe that the banking system has begun to build some credit risk again as reflected in incremental credit disbursements (on a net basis) towards riskier assets like credit cards, other personal loans and vehicle loans within the retail segment and commercial real estate and non banking financial companies within the services segment..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Banking - Sectoral Credit Deployment In July: Systematix

Banking - Sectoral Credit Deployment In July: Systematix

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