Indian banks record steady credit expansion as festive-quarter demand rises

Indian banks posted solid credit growth fuelled by festive demand and stable corporate borrowing, helping support valuations as markets track asset quality trends.

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4 days ago

Indian banks record steady credit expansion as festive-quarter demand rises

Indian banks record steady credit expansion as festive-quarter demand rises
India’s leading private and public banks reported sustained credit expansion today, driven by higher festive season retail borrowing and stable corporate loan off-take. Executives noted improvement in personal loan quality even as lenders tightened risk filters for unsecured segments. Several banks saw better than expected deposit mobilization, supporting liquidity during a competitive quarter.