Incremental Bank Credit Growth Turned Positive In December: Care Ratings 
An employee counts Indian rupee banknotes at a Walmart Inc. Best Price Modern Wholesale store in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg)

Incremental Bank Credit Growth Turned Positive In December: Care Ratings 

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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.

Care Ratings Research Report

The incremental outstanding credit (year-to-date) growth turned positive with a growth of 0.4% in December 2020, led by growth of 7.6% in agriculture and allied activities and 4.3% in retail loans.

Industry and services segment continue to report a negative incremental growth.

In FY20, the incremental bank credit growth turned positive in October 2019 and in FY21 it turned positive in December 2020 which indicates slower credit growth.

The overall bank credit growth in December 2020 slowed down to 5.9% (on YoY basis) as compared with a growth of 7.0% in December 2019 and 6.0% in November 2020.

Click on the attachment to read the full report:

Care Ratings Bank Credit Profile December 2020.pdf

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