IDBI Capital: Credit Guarantee Scheme, Gold Loan, Housing Loan Support Banks Sectoral Credit Growth
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IDBI Capital Report
Credit growth slides down further to 5.6% YoY for October month as compared to 5.8% YoY for September month, dragged by industry portfolio specifically large industry.
In October, credit growth was led by the agriculture and services portfolio.
Agriculture credit growth improved to 7.4% YoY as compared to 5.9% YoY (Sept month) led by better monsoon across the country, higher minimum support price, and strong kharif and rabi season.
From June onwards Industry portfolio growth showing a downward trajectory; for October month reported negative growth at down 1.7% YoY (Sept flat YoY) led by the large industry as the focus remains to conserve cash with no capex plans.
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