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This Article is From Apr 01, 2021

Retail Credit Growth Improves To 9.6% YoY; Forms 29% Of Total Loans: Motilal Oswal

 Retail Credit Growth Improves To 9.6% YoY; Forms 29% Of Total Loans: Motilal Oswal
An employee counts rupee currency notes inside a private money exchange office in New Delhi. 

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.

Motilal Oswal Report

Systemic loan growth stood at 6.5% YoY for the fortnight-ended March 12, 2021. The outstanding credit base has now reached Rs 108 trillion.

Retail credit growth improved to 9.6% YoY (versus 9.1% YoY in January 2021), with retail loans comprising ~78% of incremental credit over FY21 year-to-date.

Among the retail segments, housing loans grew 8.4% YoY (7.7% in Jan-21) and vehicle loans rose 8.3% YoY (7.1% in Jan-21).

Credit cards grew 4.8% YoY (flattish on a month-on-month basis).

Industry growth remained flattish, while growth in the services segment improved to ~9.3% YoY.

Agri growth also picked up at 10.2% YoY.

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.

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