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IDBI Capital Report
Credit growth, after touching new highs, slightly down in August month; it stood at 14.8% YoY as compared to 15.1% YoY in July.
Services and industry credit led the credit growth in August 2022 followed by support from agriculture and retail credit growth. Service credit witnessed uptrend to 17.2% YoY (16.5% YoY in July 2022).
Industry portfolio growth witnessed uptick in Aug month at 11.4% YoY (10.5% YoY in July 2022). Overall, the credit growth moderated in the month of Aug-22 after witnessing uptrend for last six months.
Deposit growth saw marginal uptick of 67 basis points on fortnight basis and stood at 9.51% (September 09, 2022) versus 8.84% (August 12, 2022).
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