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


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


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