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.
CareEdge Research Report
The credit growth had been muted from February 2020 to July 2021 due to the Covid-19 outbreak and deleveraging of balance sheet by large corporates. As a part of policy support, Reserve Bank of India had reduced policy rates in the earlier part of the pandemic and consequently, interest rates in the banking system have generally trended lower.
However, the interest rate transmission has been uneven with public sector banks passing the rate cuts quicker than the private banks.
The credit offtake seems to have improved recently as business activities are picking up and corporates are showing interest for re-leveraging. Credit growth has been buttressed by retail and micro, small and medium enterprise loans.
The lending rates on outstanding loans has continued to dip, but the lending rate on fresh loans has increased indicating that the rates have bottomed out.
Further despite the month-on-month dip in deposit rates, the banks are starting to bump up deposit rates.
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
