Data▼ Bearish for RBL Bank
Majority of banks see credit growth outpacing deposits in Q2, RBL Bank leads the way
The brief
- Most banks saw Q2 credit growth outpace deposit growth; HDFC Bank and Bank of India were exceptions
- Credit outpacing deposits may tighten funding conditions for Indian banks
- RBL Bank Q2 Updates: Loan growth at 40%, outpaces 34% growth in deposits
- As HDFC Bank names Anup Bagchi as CEO, here's how bank stocks fared after past CEO changes - Yes Bank, RBL to IndusInd
- RBL Bank Gets Rs 173 Crore GST Demand Notice For FY23 — Key Details Inside
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.
Tuesday, 6 October
- Majority of banks see credit growth outpacing deposits in Q2, RBL Bank leads the way