Overview
The banking system is witnessing a strong loan growth led by revival in the corporate segment, while growth in the Retail and SME segments remains robust. A recent report by 1Lattice (Prev PGA Labs) revealed that there's been a significant uptick in overall outstanding loans, of around 15 per cent.
BFSI sector recorded a steady credit with strong growth in overall outstanding loans increasing by approximately 15 per cent on a Yoy basis in February, 2023. Deposit growth picked up and is likely to see further uptick in the current rising interest rate regime.
Click here to read the full article on BFSI by Economic Times