Results▲ Bullish for Indian equities
RBI swap scheme boosts private banks' Q2 business numbers
The brief
- Private banks recorded considerable credit and deposit growth in Q2 FY27
- Growth was driven by the RBI’s concessional dollar-rupee swap scheme
- Stronger credit and deposit growth may support Indian private-bank stocks
- From 7.1% to 15.3%: HDFC Bank’s loan growth comeback is hard to ignore
- NBFCs account for half of new-to-credit originations: Report
- HDFC Bank mobilised over ₹1.5 trn in deposits in July-September quarter
- Axis Bank Q2 advances rise 22.7% to ₹13.846 lakh crore; deposits climb 20.7%
- Axis Bank Q2 Business Update: Gross advances surge 23%, deposits up 21% YoY