Demonetization has hurt credit growth? Really. Check loan growth, especially for Yes and Federal

Demonetization has hurt credit growth? Really. Check loan growth,  especially for Yes and Federal

This week 8 Banks reported their quarterly results for Dec-16 quarter.

Against the expectation of slow loan growth, due to Demonetization, banks actually posted healthy loan growth of 19% vs Avg of 20%.

Federal Bank and Yes Bank had much better loan growth compared to average of last 8 quarters.

At the same time, Axis Bank and Lakshmi Vilas Bank had dismal growth.

banks_loan_growth_3qfy17

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