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Report of Prabhudas Lilladher
Credit data trends of the Indian Reserve Bank remain subdued and stable at 5.5% compared to the same period last year, as evidenced by data from May 2021.
Credit for the year to date has decreased by 1.4%, although credit for the same period last year (peak of the first wave) has increased by 2% from the year to date.
Q1 is seasonally subdued, and growth between segments is relatively unchanged with agricultural growth of 10% over the previous year, industry steady, services recording 2% growth over the previous year and retail loans retaining growth of 12%.
Among retail, housing recorded a good growth of 10% compared to the same period last year, while credit cards increased by 12.5% compared to the same period last year (a decrease of 8% on a monthly basis / 10% on an annual basis) ).
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