BFSI Research - Gross NPAs To Decline In FY21: CARE Ratings
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CARE Ratings Research Report
In FY21, bank credit growth was muted (lowest since last four years) as lenders and borrowers remained risk averse due to the pandemic-led uncertainty.
The bank credit was largely supported by the agriculture, retail segment and disbursements under Emergency Credit Line Guarantee Scheme scheme, while industry growth was largely muted.
The growth in retail segment was driven by credit push and interest rate concessions on home loans.
It was further aided by various regulatory measures by Reserve Bank of India in the form of interest rate cuts and cash reserve ratio exemption on credit disbursed to new micro small and medium enterprise borrowers during FY21.
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