Banks Sectoral Credit Growth Remains Subdued But Steady In November: Prabhudas Lilladher 
A cashier counts Indian one hundred-rupee banknotes in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Banks Sectoral Credit Growth Remains Subdued But Steady In November: Prabhudas Lilladher 

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.

Prabudas Lilladher Report

The Reserve Bank of India’s November 2020 sectoral credit data displayed subdued but steadier growth trends at 6% YoY.

Although, growth was better in agriculture at 8.5% YoY and small uptick in retail growth at 10% YoY.

Within retail, housing segment was steady at 8-8.5% YoY growth, while vehicle saw growth of 10% YoY and credit card outstandings grew by 8% YoY.

Services segment growth has been moderating owing to slower growth in non-banking financial companies credit at 8% YoY.

Industry credit growth has been flattish with negative bias, but medium industry has been growing at 20% YoY but has much smaller share

Click on the attachment to read the full report:

Prabhudas Lilladher Banks Credit Update.pdf

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