Banks Monthly Credit Update - Muted Growth, Limited Visibility Ahead: Prabhudas Lilladher

Rupee banknotes are counted in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Banks Monthly Credit Update - Muted Growth, Limited Visibility Ahead: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Reserve Bank of India’s sectoral credit data trends remain subdued and steady at 5.5% YoY as evident from May 2021 data.

Year-to-date credit de-grew by 1.4%, although same period last year (peak of wave one) credit de-grew by 2% year-to-date-21.

Q1 is seasonally subdued and growth among segments are relatively unchanged with agri growing 10% YoY, industry flattish, services merely growing 2% YoY and retail credit holding up with 12% growth.

Amongst retail, housing has done well growing 10% YoY, while credit cards grew 12.5% YoY on base effect (down 8% month-on-month/10% year-to-date).

Click on the attachment to read the full report:

Prabhudas Lilladher Banking Sector Update.pdf

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