Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Economy

Bank Credit Growth at 19.5%

Share:

As on 18th June, Bank credit growth is 19.5% and the highest since Jan 2009.

image

There will be a new data point tomorrow. Strong bank credit growth is good for the economy, but in a time of huge inflation it might not be considered good. Plus, a bulk of that credit growth will be in the BWA and 3G auctions recently (nearly 3% of overall figure) so we’ll have to see it move beyond 20%. A rate hike is expected on July 27th; at this point, high bank credit growth will only ensure that hike happens.

image

Share:

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial