Overview
According to a report by 1Lattice, the BFSI sector recorded a steady credit with strong growth in overall outstanding loans increasing by approximately 16 percent on a Yoy basis.
The Banking system is witnessing a healthy traction in loan growth led by a revival in the corporate segment, while growth in the Retail and SME segments remains robust. Deposit growth picked up and is likely to see further uptick in the current rising interest rate regime.