Banks Sectoral Credit Growth Improves In November: IDBI Capital
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India. (Photographer Dhiraj Singh/Bloomberg)

Banks Sectoral Credit Growth Improves In November: IDBI Capital

Bookmark

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.

IDBI Capital Report

Credit growth surges 47 basis points in November month to 6.0% YoY from 5.6% YoY growth in October month, led by strong agriculture and personal credit growth.

Agriculture credit growth continues to grow strong at 8.5% YoY in Nov from 7.4% YoY growth in Oct led by better monsoon across the country, higher minimum support price, and strong Kharif and Rabi season.

From June onwards Industry portfolio growth shows a downward trajectory; but in Nov month despite negative growth, it shows some improvement and reported down 0.7% YoY versus down 1.7% in Oct as improvement seen in the large industry (down 1.8% YoY versus down 2.9% YoY in Oct).

Click on the attachment to read the full report:

IDBI Capital RBI Sectorial Credit Update.pdf

DISCLAIMER

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.