PSU banks improve credit growth in September – The Financial Express

The share of large borrowers in the loan portfolios sustained its downward trajectory the central bank’s report showed.The share of large borrowers in the loan portfolios sustained its downward trajectory the central bank’s report showed.

Even as the credit growth of banks declined to 5% in September 2020, public sector banks were able to show an improvement in the loan growth from March to September, 2020. Public sector banks registered a 4.6% year-on-year (y-o-y) credit growth in September 2020, compared to 3% loan growth in March 2020, as per financial stability report (FSR) released by Reserve Bank of India (RBI).

Credit growth for private sector banks, however, declined to 7.1% in September 2020, against the 10.4% growth clocked in March 2020.

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