HDFC Bank, SBI: Analysts bullish on bank stocks as credit revival picks up

Analysts at Credit Suisse are more optimistic compared to their peers and expect double-digit growth in credit off-take during the second half of the current fiscal (H2-FY22)

HDFC Bank
Web Exclusive Premium

Photo: Shutterstock

Nikita Vashisht New Delhi
Banks’ earnings for the July-September quarter (Q2FY22) came as a glimmer of hope for the cyclical sector as formation of non-performing assets (NPAs) peaked with credit growth beginning to pick up.

Growth in advances picked up for large private banks in the September 2021 quarter of fiscal 2021-22 (Q2-FY22), with ICICI Bank, HDFC Bank, IndusInd Bank, and Federal Bank reporting a sequential uptick of 3.5–5 per cent. While Kotak Mahindra Bank reported a sharp growth of 8 per cent quarter-on-quarter (QoQ), Axis Bank witnessed flattish trends. Within this, corporate growth remained muted for HDFC Bank; declined 2–5 per cent for

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 25 2021 | 1:46 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com