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Axis Securities says credit growth has revived, logging around 15 per cent year-on-year growth for its coverage universe.
Credit growth in the BFSI sector has revived to around 15% year-on-year for Axis coverage.
KEY POINTS
- Small finance banks and mid-sized private lenders are the primary drivers of this credit growth surge.
- Deposit growth is lagging, keeping funding costs high and intensifying competition for CASA.
- Asset quality outlook has improved, with lower fresh stress expected in unsecured loan portfolios.
- NBFCs are projected to post strong AUM and earnings growth due to lower credit costs.
COMPANIES
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