Banks Sectoral Credit - Growth Continues To Improve; Industry Growth Supported By MSME: IDBI Capital
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IDBI Capital Report
Credit growth continues to improve in August month; stood at 6.7% YoY as compared to 6.2% YoY in July, which could improve further in coming months with festive season and pick-up in economic activity.
Credit growth continues is upward trajectory, led by industry and personal credit.
Agriculture credit growth plunge at 11.3% YoY (12.4% YoY in July 2021).
Industry portfolio growth saw strong growth in August month at 2.3% YoY (1.0% YoY in July).
This was driven by micro and small credit growth as its continues to rise at 10.1% YoY (7.9% YoY in July).
Medium industry growth maintain uptick but saw some dip compared to July month 63.4% YoY (71.6% YoY in July).
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