Overview
The banking system is witnessing a strong loan growth. A recent report by 1Lattice (Prev PGA Labs) revealed that there's been an uptick in overall outstanding loans, of around 23 per cent, in July 2023.
BFSI sector recorded a steady credit with strong growth in overall outstanding loans increasing by approximately 23 percent on a YoY basis in July 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