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Credit Growth Back to 5 Year High
Jan 3, 2019


Since we are speaking of updated facts, I wonder if many of my readers would be aware of the extent to which bank credit growth has recovered, in recent months, without looking at this chart.

The credit growth that banks in India posted in December quarter of 2018, at 15.1% YoY, is not just very healthy. It's nearly 2 times GDP growth. But it also back to the five-year high.

Strong credit disbursal is clearly a sign of many things to come. Higher consumption demand, better capacity utilization, more capex and higher profits.

So even as we await a sharper earnings recovery, the first signs of it are already evident.

Data Source: SBI

This Chart Of The Day was published in The 5 Minute WrapUp - The Book that Influenced the Biggest Wealth Building Project of My Lifetime

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