Market move● Neutral for Indian equities
Private banks' deposit mobilisation outpaces PSU peers in Q2
The brief
- Private banks’ deposit mobilisation outpaced PSU peers in Q2
- PSU banks’ advances grew 12.59–29.83% year-on-year in Q2
- Deposit competition and loan growth shape prospects for Indian private and PSU banks
- PSU banks in focus; Bank of India, PNB, Indian Bank, IOB rally up to 4%
- Q2 Update Impact: Bank of India, PNB Share Price Jumps Up To 4.5%
- Bank of India Q2 Update: Global Business Nears Rs 19 Lakh Crore, Advances Up 20%
- Canara Bank Q2 Update: Advances grow faster than deposits, global business up 16%
- Indian Bank may waive 0.28% MDR on UPI transactions