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IDBI Capital Report
Credit growth got a boost in the December month; it stood at 9.3% YoY as compared to 7.1% YoY in November. Robust growth led by Industry and personal credit.
Industry portfolio growth doubled in December month at 7.6% YoY (3.8% YoY in November 2021). Personal segment grew by 14.3% YoY (11.6% YoY Nov-21) while services portfolio growth improved by 720 basis points month-on-month to 10.6% YoY.
Overall, the credit growth improved by 220 bps month-on-month (consecutively rising since last six months) supported by growth in agriculture sector, housing loans, trade services, non banking financial companies and micro, small and medium enterprise.
Deposit growth saw fall of 100 bps on fortnight basis and growth stood at 9.28% (Jan 14, 2022) versus 10.28% (Dec 31, 2021).
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