Banks Sectoral Credit Update - Growth Revival Continues: 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 continues to improve in November month; stood at 7.1% YoY as compared to 6.9% YoY in October, which could improve further in coming months with pick-up in economic activity and increased requirement for credit in economy linked sectors. Credit growth continues is upward trajectory, led by industry and personal credit. Agriculture credit growth showed strength at 10.4% YoY. Industry portfolio growth saw stable growth in November month at 3.8% YoY. Service portfolio rises at 3.6% YoY versus 2.9% YoY in October-21. Retail portfolio surge at 11.6% YoY versus 11.7% YoY in October-21 led by consumer durables as well as other personal loans. Overall, the credit growth rising (consecutively since last five months) supported by growth in agriculture sector, housing finance companies, wholesale trade, shipping and tourism, hotels and restaurants, however, improving trend visible in all sector credit growth as pickup in economic activity..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Banks Sectoral Credit Update - Growth Revival Continues: IDBI Capital

Banks Sectoral Credit Update - Growth Revival Continues: IDBI Capital

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