Indian Banking Sector - Bank Loans To NBFCs And Other Personal Loans Moderate: Systematix

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Report.Overall bank credit growth momentum improved to 20.6% YoY (16% YoY ex merger) with non-food credit growth of 21% YoY (16% YoY ex-merger). This was led by continued momentum in retail credit growth of 30% YoY (18.6% YoY ex-merger) and improvement in services credit growth to 25% YoY (22% YoY ex-merger) which was offset by tepid industrial credit growth of 6.6% YoY (6% YoY ex-merger). Share of Industrial credit in total non-food credit continued to decline and was at 23.9% (ex-merger) as of November ’23 (versus 25% in FY’23 and 28-29% levels in FY19 and FY20) while the share of retail credit remained elevated at 31% in November ’23 (versus 25-26% levels in FY19 and FY20)..Key highlights were: Growth moderation in bank loans to non- banking financial company's (21.5% YoY versus 30% average growth in FY23) and other personal loans (21.7% versus 24-25% levels in FY23) likely on the back of Reserve Bank of India's increase in risk weights (recent note) to curb unsecured credit growth.Strong growth in commercial real estate and housing finance sector reflected in 20% YoY growth in non- priority sector lending housing loans (ex-merger), on a strong base, (versus 4% YoY growth in PSL housing and 15% YoY in overall housing loans)..Commercial real estate financing registered 16% YoY growth (ex-merger) versus 11% in Q1 ’24 and FY23..Click on the attachment to read the full report:.2024 Is Poised To Be A Year Of Renewal, And Let Us Celebrate That.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indian Banking Sector - Bank Loans To NBFCs And Other Personal Loans Moderate: Systematix

Retail loan growth aided by non- priority sector lending housing and unsecured personal loan growth.

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