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
28 February, 2015 12:08 IST

Source: rss | 28-Feb-15
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
Security Code type    into this box
Related Articles
Tata Motors announces initiatives for enhancing competitiveness - 27-Feb-2015 18:45
Karnataka Bank signs MoU with Intech - 27-Feb-2015 17:02
Budget to give special emphasis on renewable energy: Tulsi Tanti - 27-Feb-2015 16:42
RCap receives entire sales proceeds of Rs 6.57 bn from Nippon Life Insurance - 27-Feb-2015 14:43
Nitesh Estates signs new residential project worth Rs 3.75 bn - 27-Feb-2015 13:53
Sadbhav Engineering emerges as successful bidder for NHAI project - 27-Feb-2015 12:04
MoD selects BEL-Rolta consortium as development agency - 27-Feb-2015 11:40
MoD selects BEL-Rolta consortium as development agency - 27-Feb-2015 11:40
Minda Industries enters into JV with Kosei Group - 27-Feb-2015 09:21
85% of enterprises say cloud has lived up to hype: Tata Comm - 26-Feb-2015 12:22
Cabinet approves 15000 MW solar projects by NTPC - 26-Feb-2015 11:15
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