The growth in deposits has gained traction, but it is mainly driven by timely deposits rather than lowcost current account- savings account (CASA) deposits, which may exert pressure on the net interest margins (NIMs).
"Business updates by the lenders indicate a strong credit growth in the banking sector in the third quarter. Most of the large private banks are expected to report credit growth of around 20%, public sector banks are likely to report around 12%, while and small finance banks may report over 25% growth in Q3FY24," Ajit Kabi, analyst at LKP Securities said.
He added that the third quarter is usually better in terms of retail credit growth because demand for retail loans goes up due to festivals. Growth in wholesale credit is driven by increased capital expenditure by companies and infrastructure spending by the government. Commencing next week, banks will start announcing their earnings, with HDFC Bank set to release its results on January 16.
この記事は Financial Express Mumbai の January 15, 2024 版に掲載されています。
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この記事は Financial Express Mumbai の January 15, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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