What does the credit growth figure tell us?

As banks strive to penetrate deeper, an analysis of credit data points to granularity of loans, de-risking of business models, and willingness to embrace technology in a big way

Madhuchanda Dey
September 15, 2022 / 09:30 AM IST
What does the credit growth figure tell us?

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Record credit growth has been making headlines and the banking stocks are on fire. Not only has the bad asset picture not thrown up a negative surprise post Covid, but the earnings picture also looks solid with growth coming back and margins likely to look up in the early part of the cycle. We decided to delve deeper into the credit growth data to analyse what else is looking up. The sectoral credit growth picture, available till end of July...