Indian States Banking Barometer Series - Tamil Nadu - A Credit Centric Market: ICICI Securities
A bus conductor displays Indian bank rupee notes for a photograph in Coonoor, Tamil Nadu, India. (Photographer: Dhiraj Singh/Bloomberg)

Indian States Banking Barometer Series - Tamil Nadu - A Credit Centric Market: ICICI Securities

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.

ICICI Securities Report

We believe, along with pan-India banking trend analysis, regularly penning down bottoms-up analyses of state-specific trends would also be insightful.

We are therefore launching ‘Indian states banking barometer series’, which would help investors and corporates keep a close tab on the sector as well as bank-specific trends (credit, deposit market share) and positioning in a particular state (credit segment offering opportunities, who is dominant, credit quality behaviour, etc).

This maiden note in the series deep-dives into the Tamil Nadu market, which commands 9%/7% share in credit/deposits respectively.

The state has a few distinct characteristics:

  1. Is more credit-centric and further skewed towards agri and specific industry segments; regional banks/HDFC Bank Ltd. are more prominent;

  2. Deposit profile is granular, but the state is not a active deposit mobilisation market (except home players);

  3. Regional banks dominate semi-urban markets; large banks focus on metros; Federal Bank Ltd./Bandhan Bank Ltd. are more active in urban markets.

Click on the attachment to read the full report:

ICICI Securities States Banking Barometer Tamil Nadu.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.