Capex To Drive Industry Bank Credit,But See Risks Too: Nirmal Bang

"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..Nirmal Bang Report.We are positive on the banking sector’s credit growth recovery going ahead.From a low of 5.6% YoY in October 2020, credit growth has recovered to 6% and is expected to improve further as the functioning of the economy normalizes.While the retail sector growth has been strong (up 9.5% YoY in December-20) vis-a-vis other sub-segments, industry credit growth has been lacklustre (down 1.2% YoY in Dec-20).The sequential (month-on-month) industry credit build-up has been negligibly positive (up 0.3-0.5% month-on-month).Though we are incapable of putting an exact timeline as to when the corporate credit growth will revive to more meaningful levels, we do believe that it has (or nearly) bottomed out..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."

Capex To Drive Industry Bank Credit,But See Risks Too: Nirmal Bang