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IDBI Capital Report
Credit growth improvement continues in July month; it stood at 15.1% YoY as compared to 13.7% YoY in June.
Services and industry credit led the credit growth in July 2022 followed by support from agriculture and retail credit growth. Service credit witnessed uptrend to 16.5% YoY (12.8% YoY in June 2022).
Industry portfolio growth witnessed uptick in July month at 10.5% YoY (9.5% YoY in June-22). Overall, the credit growth improvement was led by growth in advances against fixed deposit, credit to public financial institutions and housing finance companies as well as vehicle loan.
Deposit growth saw marginal downtick of 31 basis points on fortnight basis and stood at 8.84% (August 12, 2022) versus 9.15% (July 26, 2022).
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