Data▲ Bullish for Indian equities
Banks’ credit growth outpaces deposit growth for fourth straight quarter; private banks lead pack
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- Central Bank of India deposits rise 14.43% and advances grow 29.83% in Q2
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Bank credit growth outpaces deposit growth
Canara Bank reported 16.8% year-on-year growth in domestic advances in Q2, with global business up 15.8%; its credit growth was reported at 19.4%. Reports said advances grew faster than deposits at several banks, including smaller lenders such as Tamilnad Mercantile Bank.
Monday, 5 October
- Banks’ credit growth outpaces deposit growth for fourth straight quarter; private banks lead pack