Banks Sectorial Credit Update - Stable Growth; Agriculture Credit Upsurges: IDBI Capital
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IDBI Capital Report
Credit growth in June month remain stable at 5.9% YoY as compared to May month (6.0% in June 2020), led by agriculture and services credit.
Agriculture credit growth rise to 11.4% YoY versus 10.3% YoY in May 2021.
Industry portfolio saw negative growth in June month and registered growth of down 0.3% YoY versus 0.8% YoY in May 2021.
This was led by large industry as no rebound still seen; continues to report negative growth at down 3.4% YoY versus down 1.7% YoY in May-21.
Medium industry continues to rise at 54.6% YoY versus 45.8% YoY in May-21 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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