Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 December, 2014 16:27 IST

Source: rss | 21-Dec-14
Comments  |  Post Comment

Sectoral deployment of credit indicates that credit growth so far during 7MFY13 has stayed muted, said Religare Institutional Research.

Services loan growth moderated to 11.8% YoY at 7MFY13-end (vs. 14.7% in FY12). Within the services sector, growth continues to be driven by trade (up 23.7% YoY) and NBFCs (up 27.9% YoY).

Transport operators/ tourism were also up a healthy 18.6%/14.4%, whereas credit growth in commercial real estate remains muted at just 1.3% as banks remain cautious on lending to developers, Religare said.

Growth in the personal loan segment picked up MoM to 16.4% YoY - higher than 12.1% in FY12. Within this segment, housing/vehicle loans continue to see good growth at 15.8%/22.2% YoY at 7MFY13-end (vs. 12.1%/19.7% in FY12), it said.

The unsecured loan portfolio continues to grow with credit card loans outstanding up 17% YoY.

"Given the subdued growth in sanctions, we believe overall loan growth could be significantly lower than RBI's projection of 16%," it said.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
CRISIL assigns fundamental grade 4/5 to JSW Steel - 19-Dec-2014 16:18
Emkay maintains `Buy` on L&T - 19-Dec-2014 15:43
Panacea Biotec join hands with Rising Pharmaceuticals - 19-Dec-2014 11:59
Petron Engineering gets LoI for contract worth Rs 240 mn - 19-Dec-2014 11:49
Dr Reddy's closes acquisition of Habitrol brand from Novartis - 19-Dec-2014 11:29
JET Airways introduces 12 additional domestic frequencies - 19-Dec-2014 10:56
Balaji Telefilms joins Indus Media to enter American television market - 19-Dec-2014 10:38
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer