Incremental Bank Credit Growth Turned Positive In December: Care Ratings
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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.
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