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


This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.