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This Article is From May 03, 2021

Bank Sectoral Credit Update - Credit Growth Declines 5% In March Post Uptick In February: IDBI Capital

Bank Sectoral Credit Update - Credit Growth Declines 5% In March Post Uptick In February: IDBI Capital
An employee counts Indian rupee banknotes at a Walmart Inc. Best Price Modern Wholesale store in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg)

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

Post upsurge in February 2021, credit growth in March month saw a decline to 4.9% year-on-year from 6.5% YoY growth in February month (6.7% March 2020), led by services credit growth which hit badly due to second Covid-19 wave.

Agriculture credit growth improvement continues to 12.3% YoY versus 10.2% YoY in February 2021 led by better monsoon across the country, higher minimum support price, and strong kharif and rabi season.

After negative growth from past six months, industry portfolio turned positive in March month at 0.4% versus down 0.2% in February 2021.

Click on the attachment to read the full report:

DISCLAIMER

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.

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