BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
The banking sector had seen a sharp decline in business activity owing to lockdowns, especially in April, May 2021.
However, trends from July 2021 onwards show faster return towards normalisation, especially on the asset quality front.
Most lenders have indicated at an improvement in collections with unlocking of the economy. However, loan growth has not seen a meaningful improvement and has been hovering in the ~6-6.5% range.
This is mainly on account of large industries remaining a drag (owing to deleveraging and subdued capex) while retail and agri loans have shown continued better traction.
We believe that increasing advent of fintech players is expected to broaden the market size by targeting unserved and under-served population through digital means.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
