Bank credit growth hits 8-quarter high, widens funding gap as deposits lag: Report
Bank credit growth reached a sixteen-month high, while deposits grew at a slower pace. This widened the credit-deposit gap, increasing funding pressure on banks. Finance sector lending, especially to NBFCs, drove credit expansion significantly. Public sector banks saw higher credit growth but less headroom. Deposit mobilization remains crucial for banks facing persistent competition for savings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/vDfBt01 via IFTTT