Indian banks’ credit growth outpaces deposit growth
Several Indian banks reported credit growth outpacing deposit growth in the second quarter. Canara Bank reported domestic advances growth of 16.8% year-on-year and global business growth of 15.8%; a later report put its credit growth at 19.4%.
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Timeline
Thursday, 1 October
- Indian banks see credit growth outpace deposits in second quarter
In the second quarter, several banks saw credit growth outpace deposit growth
- Canara Bank Q2 Update: Advances grow faster than deposits, global business up 16%
Domestic advances rose 16.8% year-on-year in Q2
