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)

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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

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

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