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IDBI Capital Report
Credit growth continued to maintain its double digit growth trajectory in May month; it stood at 12.6% YoY as compared to 11.3% YoY in April.
Retail credit and services segment continued to support the credit growth. Retail credit witnessed uptrend to 16.4% YoY (14.7% YoY in April 2022).
Service portfolio growth showed improvement in May month at 12.9% YoY (11.1% YoY in April-22).
Overall, the credit growth improved due to growth in credit card outstanding, consumer durables, housing finance company, advances against fixed deposits as well as micro and small industries.
Deposit growth saw marginal downtick of 1 basis points on fortnight basis and stood at 9.27% (June 03, 2022) versus 9.28% (May 20, 2022).
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