Banking Sector Update - Industry Credit Growth Improved: IDBI Capital
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 in October month continued its up-move; stood at 6.9% year-on-year as compared to 6.8% year-on-year in September, and expected to improve further in coming months with festive season and pick-up in economic activity.
Improvement in credit growth was led by Industry credit.
Industry portfolio growth further picked up in October month at 4.1% year-on-year (2.5% year-on-year in September 2021).
Within Industry portfolio, large industry segment reported (positive) growth at 0.5% year-on-year versus negative growth in last few months.
Click on the attachment to read the full report:
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.