Bank Credit - looks like its firing everywhere. Sharp increase in industry and services, flattish growth in Personal loans. x.com/deepakshenoy/status/2092…
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Bank Credit - looks like its firing everywhere. Sharp increase in industry and services, flattish growth in Personal loans. x.com/deepakshenoy/status/2092…
· 17K Views
Within Industry there's a major leap - nearly a 13 year high - in large industry credit growth. Medium and MSMEs too are doing well on growth. Overall industrial credit is at 19%. x.com/deepakshenoy/status/2092…
@deepakshenoy @Gautam__Baid Retirees coming back to workforce because cost of living has extrapolated ?
@deepakshenoy Negative for banknifty along with 1.5% recovery in brent crude prices... Banknifty will fall 700 points tomorrow...
@deepakshenoy @indiaemerges Does this tell us monetary policy is accomadative?
@deepakshenoy How much of the industry growth is due to the bond market being more expensive than banks to raise money?
@deepakshenoy Higher trigger in industry and agri worries me as they cause huge NPAs with borrowers ring fencing their huge personal property.
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Unsecured personal loans are scaling up, but growth isn't as insane as earlier. x.com/deepakshenoy/status/2092…
Loans for housing are growing at a mediocre pace, only 11%. The spike in the middle in growth was the merger of HDFC/HDFC Bank so ignore those two years. x.com/deepakshenoy/status/2092…
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