Nifty Bank Share: Nifty Bank surpasses Nifty 50 in credit growth. What does it mean for consumers, savers?

A man walks past HDFC Bank in New Delhi.

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Credit growth, both for bank loans and non-food loans, reached a 13-year high in September on the back of a pick-up in demand for credit, led by the personal loans and services sector. While rising interest rates may dampen some enthusiasm, the broader trend is likely to remain intact for some time to come.

The Nifty Bank has outperformed the Nifty 50 in recent months. Reason: A possible structural shift is building in the Indian banking sector. After nearly a decade of subdued credit growth (mostly in single digits), the lending trend is finally recovering. Credit growth, both for bank credit and non-food bank credit, reached a 13-year high in September 2022, growing at more than 16%.

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Oct 18, 2022, 04:45 AM IST

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