Majority of banks see credit growth outpacing deposits in Q2, RBL Bank leads the way
In the second quarter, most banks experienced higher credit growth compared to deposit growth. HDFC Bank and Bank of India were notable exceptions, demonstrating higher deposit growth rates. RBL Bank led the growth charts in both assets and liabil...
Among the 29 banks that reported second quarter business updates till Monday, RBL Bank topped the growth chart in both assets and liabilities, albeit on a lower base.
The pace of banks’ credit expansion surpassed the pace of deposit mobilisation year-on-year for a majority of lenders in the second quarter, conforming to the broader trend seen in the past couple of years.
HDFC Bank and Bank of India are the exceptions as they reported higher deposit growth than credit growth. Among the 29 banks that reported second quarter business updates till Monday, RBL Bank topped the growth chart in both assets and liabilities, albeit on a lower base.
Union Bank of India reported the widest gap in credit and deposit expansion. The private sector Axis, HDFC and Kotak Mahindra Bank reported above 10% rise in low cost current and savings accounts (CASA).
