Banks Sectoral Credit Growth Improves In November: IDBI Capital
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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).
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