HDFC Securities: Banks Sector Credit Trend - Growth Continues To Moderate 
A customer counts Indian rupee banknotes. (Photographer Dhiraj Singh/Bloomberg)

HDFC Securities: Banks Sector Credit Trend - Growth Continues To Moderate 

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.

HDFC Securities Report

The downtrend in non-food credit growth persisted, unsurprisingly, with YoY growth reaching 5.6%, the slowest in a little over three years.

This trend was led by a de-growth in industrial credit and sluggish personal loan and service credit growth.

We expect non-food credit growth to remain range bound in the near term, as an uptick in disbursals will continue to be met by a corresponding rise in repayments, which have increased significantly, as suggested by Q2 FY21 commentary.

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HDFC Securities Banks - Update - Growth continues to moderate .pdf


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