Banks Sectoral Credit Growth Continues To Remain In The Range Of 5.5-6.0%: IDBI Capital
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IDBI Capital Report
Credit growth slides down further in January month to 5.7% YoY from 5.9% YoY growth in December month (6.0% January), led by industry and personal credit growth.
Agriculture credit growth further improves to 9.9% YoY versus 9.4% YoY in Dec-20 led by better monsoon across the country, higher minimum support prices, and strong kharif and rabi season.
From June onwards Industry portfolio growth shows a downward trajectory; continues to report negative growth of 1.3% in Jan month versus down 1.2% in Dec-20.
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