PSBs overtake private banks in credit growth, gain market share amid structural shift: SBI report
In contrast, credit growth at private banks slowed to 9.5%, the weakest since FY21, said a research report by the State Bank of India (SBI).
In contrast, credit growth at private banks slowed to 9.5%, the weakest since FY21, said a research report by the State Bank of India (SBI).
HDFC Bank’s deposit growth for the second quarter of the financial year (Q2 FY25) has outpaced its credit growth on a sequential basis.
The RBI on Thursday released the 'Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), December 2020'.
It had earlier estimated the banking industry's NPAs to surge to 11.5 per cent of the overall assets in FY21.
Kotak Mahindra Bank whole-time director and president Gaurang Shah said the retail, a low-cost liability base, is key sustenance factor of the banks.
Saddled with high bad debt and weak corporate demand, credit growth plunged to a whopping six-decade low of 5.08 per…
