Credit Growth Stood At 5.6% YoY As On March; Deposits Grew By 11.4%: Motilal Oswal
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Motilal Oswal Report
Systemic loan growth for FY21 stood at 5.6% YoY (up approximately 2.5% QoQ) versus 6.1% YoY for FY20.
The outstanding credit base stands at Rs 109.5 trillion.
While growth in FY21 was subdued, the same over H2 picked up led by a continued uptick in economic recovery, especially within the retail segment.
Loan growth over H2 stood ~6.6% YoY versus a decline of 1% YoY over H1 FY21.
Deposit growth stood strong at 11.4% YoY versus 7.9% YoY for FY20. The outstanding base stands at Rs 151.1 trillion.
This has been achieved despite a reduction in the cost of deposits by most banks.
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