HSBC projects 12.5% credit growth for Indian banks in 2024-25 - PRESS AI WORLD
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HSBC projects 12.5% credit growth for Indian banks in 2024-25

share-iconFriday, January 03 comment-icon4 weeks ago 9 views
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indiatimesINDIATIMES
HSBC projects 12.5% credit growth for Indian banks in 2024-25

Credited from: INDIATIMES

  • HSBC predicts **12.5% credit growth** for Indian banks in the fiscal year 2024-25.
  • The report warns of a potential **slowdown in GDP growth** impacting credit expansion.
  • Challenges identified include **tight liquidity, muted deposit growth**, and a high loan-to-deposit ratio.
  • Positive trends noted in the **retail loan sector**, specifically in personal and home loans.
  • **Gold loans** seeing significant month-on-month growth, while vehicle loans have declined.

For more details, view the original article here.

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Indian banks Credit growth Hsbc report Economic outlook Retail loans
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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