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India Financials: Loan growth trends improving gradually - IndiaNotes.com
India Financials: Loan growth trends improving gradually
Prabhudas Lilladher | Published: 03 Nov, 2017  | Source : IndiaNotes.com

RBI’s monthly sectoral deployment data continues to show gradual uptick in credit offtake from banking. Growth improved to 6.1% YoY in Sep’17 which had dipped to 4.5% YoY in Apr’17.


Retail continued to lead, with growth returning to pre-demonetisation levels along with services segment which has also seen improved credit offtake. Industry segment continues to be muted and trends remain same from the last few months.


MoM trends suggest offtake has been slightly high in many sectors on back of half yearly closing, but fortnightly credit offtake upto Oct’17 suggest growth is improving. We believe overall loan growth to gradually improve further and to exit at 7-8% YoY, continued to be led by retail credit expansion with support of services, micro segments in industry.

 

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About Prabhudas Lilladher

Prabhudas Lilladher has a nationwide distribution network, consisting of branches, franchisees and associates, providing a comprehensive gamut of financial services in the Institutional and Retail domain. Their services includes Equity, derivatives; margin funding, mutual funds, PMS, IPOs and online trading.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.