IDBI Capital: Banks Sectoral Credit Growth Continues To Slow Down
A customer holds Indian rupee notes at a store in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

IDBI Capital: Banks Sectoral Credit Growth Continues To Slow Down

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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.

IDBI Capital Report

Credit growth continues to slow down further to 5.8% YoY for September month which was lower than 6.0% growth for August.

September growth was led by agriculture and services credit. Agriculture credit growth increased by 5.9% YoY versus 4.9% YoY in August (2.3% month-on-month).

From June onwards Industry growth showing a downward trend month-on-month and for September seen no growth at all and stood at flat YoY (August 0.5% YoY).

Click on the attachment to read the full report:

IDBI Capital RBI Sectorial Credit Sector Update.pdf

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