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IDBI Capital Report
Credit growth continued its strong growth momentum in September month; it stood at 16.9% YoY as compared to 16.0% YoY in August.
Services and industry credit led the credit growth in Sep-22 followed by support from retail credit growth. Service credit witnessed uptrend to 20.0% YoY (17.2% YoY in Aug-22).
Industry portfolio growth witnessed uptick in Sept month at 12.6% YoY (11.4% YoY in Aug-22).
Overall, the credit growth continued to scale newer heights and the same is expected to continue in near future led by corporate credit demand.
Deposit growth saw marginal uptick of 44 bps on fortnight basis and stood at 9.63% (Oct, 07, 2022) versus 9.1% (Sep, 23, 2022).
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