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Bank Credit Growth Continues To Accelerate: CareEdge Analysis

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Credit offtake continued to witness increased growth at 15.3% YoY, expanding by a significant ~980 basis points, for the fortnight ended August 12, 2022, up from 5.5% in the year-ago period (reported August 13, 2021) and increasing sequentially by 0.5% from the immediate fortnight (July 29, 2022).

In absolute terms, credit outstanding stood at Rs 124.3 lakh crore as of August 12, 2022, growing by Rs 16.5 lakh crore over the last 12 months.

Low base, small ticket size loans, working capital requirements, and a shift to bank borrowings on account of high yields in the capital market continue to drive growth.

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