Banks Sectorial Credit Check - Surge In Retails Loans; Agriculture Credit Decline: IDBI Capital
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IDBI Capital Report
Credit growth in April month saw a slight surge to 5.7% YoY from 5.5% YoY growth in March month (6.7% in April 2020), led by personal loans and stable industry credit growth.
Post 10 months YoY surge, agriculture credit growth seen decline to 11.3% YoY versus 12.3% YoY in March 2021.
Industry portfolio turned positive in March month and remains stable in April 2021 at 0.4% YoY.
This was led by medium industry which registered 43.8% YoY growth versus 28.8% YoY growth in March 2021 and continues to show improvement as risk-averse banks lend under credit guarantee scheme to micro small and medium enterprise borrowers.
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