{"id":21886,"date":"2022-10-12T12:31:43","date_gmt":"2022-10-12T07:01:43","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=21886"},"modified":"2022-10-12T13:05:03","modified_gmt":"2022-10-12T07:35:03","slug":"incremental-credit-growth-hits-13-year-high-in-august-2022-says-careedge","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/incremental-credit-growth-hits-13-year-high-in-august-2022-says-careedge\/","title":{"rendered":"Incremental credit growth hits 13-year high in August 2022, says CareEdge"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21886\" class=\"elementor elementor-21886\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c61415c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c61415c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-74b0e2d2\" data-id=\"74b0e2d2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13b3ec9e elementor-widget elementor-widget-text-editor\" data-id=\"13b3ec9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Rating agency CareEdge in its latest report on bank credit said that incremental credit off-take rose by 4.8% in August 2022, aided by housing, vehicle, NBFCs and petroleum- based sectors. It is the highest growth reported in the last thirteen years (compared with only August period data) and also after a negative growth for three years, according to CareEdge.<\/p><p>Incremental credit growth is defined as credit growth for the financial year compared to the end of the March of the last fiscal year. Here, the rating agency compares credit growth till August 26, 2022 to March 31, 2022.<\/p><p>Further, the <strong>gross bank credit<\/strong> rose 15.5% year-on-year to Rs 124.6 lakh crore as of August 2022 with bulk of the credit going to non-food segment. Out of the three main sectors, <strong>Agriculture &amp; Allied Activities<\/strong> rose 13.4% YoY to Rs 15.4 lakh crore, <strong>Industry<\/strong> sector increased 11.4% YoY to Rs 31.9 lakh crore and <strong>Services<\/strong> sector grew 17.2% YoY to Rs 31.6 lakh crore. <strong>Personal\/Retail loans<\/strong> segment rose by 19.5% to Rs 36.5 lakh crore.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67d8fda1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67d8fda1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57afe185\" data-id=\"57afe185\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b3d841e elementor-widget elementor-widget-heading\" data-id=\"7b3d841e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Industry <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-abd63e5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"abd63e5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6258e915\" data-id=\"6258e915\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-308daf4a elementor-widget elementor-widget-text-editor\" data-id=\"308daf4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The outstanding industry credit stood at Rs.31.9 lakh crore as of August 26, 2022, compared to Rs.31.6 lakh crore as of March 25, 2022. The credit outstanding of the industry segment registered a growth of 11.4% y-o-y in August 2022 from 1.5% in the year-ago period. The growth was due to robust growth in the MSMEs, inflation-induced working capital requirements, and ease of doing business supported by increasing digitisation in the banking system for faster loan turnarounds, according to rating agency CareEdge<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a2824d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a2824d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b1890d1\" data-id=\"b1890d1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-efcb4cc elementor-widget elementor-widget-html\" data-id=\"efcb4cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"\u00a0Overall Share of Segments within the Industry (%)\" aria-label=\"Split Bars\" id=\"datawrapper-chart-EoyAX\" src=\"https:\/\/datawrapper.dwcdn.net\/EoyAX\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"800\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(e){if(void 0!==e.data[\"datawrapper-height\"]){var t=document.querySelectorAll(\"iframe\");for(var a in e.data[\"datawrapper-height\"])for(var r=0;r<t.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data[\"datawrapper-height\"][a]+\"px\"}}}))}();\r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71530b7b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71530b7b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e7875d5\" data-id=\"6e7875d5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36b39bb4 elementor-widget elementor-widget-heading\" data-id=\"36b39bb4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Services Sector<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-17f713f1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17f713f1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-73762017\" data-id=\"73762017\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-20c5e8d2 elementor-widget elementor-widget-text-editor\" data-id=\"20c5e8d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In Services sector, NBFCs with a share of 36.2% grew by 27.8% y-o-y in August 2022 to Rs 11.4 lakh crore as they stepped up on business growth and also shifted to bank borrowings due to elevated capital market yields, CareEdge said in the report.<\/p><p>The report further said that the trade segment (23.1% share) grew 16.9% to Rs 7.3 lakh crore in August 2022, while Commercial Real Estate (share of 9.3%) grew at 4.8%\u00a0to Rs 3 lakh crore in August 2022\u00a0as compared to a drop of 1.0% over a year ago period.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e61975 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e61975\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-56e536a\" data-id=\"56e536a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0023dc1 elementor-widget elementor-widget-html\" data-id=\"0023dc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"Overall Share of Segments within Services (%)\" aria-label=\"Split Bars\" id=\"datawrapper-chart-BYHpj\" src=\"https:\/\/datawrapper.dwcdn.net\/BYHpj\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"458\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(e){if(void 0!==e.data[\"datawrapper-height\"]){var t=document.querySelectorAll(\"iframe\");for(var a in e.data[\"datawrapper-height\"])for(var r=0;r<t.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data[\"datawrapper-height\"][a]+\"px\"}}}))}();\r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-32f33e4f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32f33e4f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-26bcf5bd\" data-id=\"26bcf5bd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-57f2a1d elementor-widget elementor-widget-heading\" data-id=\"57f2a1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Lending To Priority Sector <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1ca0dd27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ca0dd27\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3492981e\" data-id=\"3492981e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64834d97 elementor-widget elementor-widget-text-editor\" data-id=\"64834d97\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Total lending of the priority sector rose by 17.2% to Rs.53.7 lakh crore in August 2022, driven by credit growth in the MSMEs &amp; weaker sections. Credit for agriculture and allied activities rose by 12.5% in August 2022. MSMEs accounts for the largest share of 33.8% within priority segment, followed by agriculture (28.7%) and the weaker sections (23.6%).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e62c9e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e62c9e4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f020f4c\" data-id=\"f020f4c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78b280d elementor-widget elementor-widget-html\" data-id=\"78b280d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"Credit Outstanding to Priority Sectors (Rs in lakh crore)\" aria-label=\"Donut Chart\" id=\"datawrapper-chart-JuMOK\" src=\"https:\/\/datawrapper.dwcdn.net\/JuMOK\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"439\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(e){if(void 0!==e.data[\"datawrapper-height\"]){var t=document.querySelectorAll(\"iframe\");for(var a in e.data[\"datawrapper-height\"])for(var r=0;r<t.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data[\"datawrapper-height\"][a]+\"px\"}}}))}();\r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d7c8f26 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d7c8f26\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-194f08b2\" data-id=\"194f08b2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6366ee9 elementor-widget elementor-widget-heading\" data-id=\"6366ee9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Credit Growth Outlook<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26bbb7b8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26bbb7b8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-46047ac4\" data-id=\"46047ac4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ec03f1b elementor-widget elementor-widget-text-editor\" data-id=\"4ec03f1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>CareEdge said that the credit growth is likely to remain elevated in the short term due to the onset of the festival season. The rating agency noted that the medium-term prospects look promising with diminished corporate stress and a substantial buffer for provisions.<\/p><p>However, inflation remains a key risk, though, the RBI has managed domestic inflation to some extent. Meanwhile, Global inflation has remained high despite hawkish policies. This may lead to demand issues globally causing second-order effects in India.<\/p><p>Credit growth is expected to be in the range of 12-13% for FY23 as previously estimated by CareEdge, however, rate hikes could impact credit growth.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-13bf5383 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"13bf5383\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-37eb557f\" data-id=\"37eb557f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a38dceb elementor-align-center elementor-widget elementor-widget-button\" data-id=\"3a38dceb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Rating agency CareEdge in its latest report on bank credit said that incremental credit off-take rose by 4.8%&hellip;","protected":false},"author":5,"featured_media":21901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[17,65],"tags":[46,43,78,48,26,77,47,24,23],"class_list":{"0":"post-21886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-industry","9":"tag-market-news","10":"tag-market-update","11":"tag-nifty","12":"tag-nifty-today","13":"tag-nse","14":"tag-sensex","15":"tag-sensex-today","16":"tag-share-market","17":"tag-stock-market","18":"cs-entry","19":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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