Private sector banks met their priority sector lending targets for the first time in 2023-24. This includes targets in areas like agriculture. They outperformed public sector banks. Permitting investments in priority sector lending certificates helped meet these goals. Private sector banks are leading in selling these certificates, accounting for 49% of total sales in FY24.
Margin pressure to continue, banks with improved fee income will fare better: Rajneesh Karnatak, Bank of India
Internationally, we are present in 15 countries – US, UK, France, Belgium, Singapore, Japan, New Zealand and Africa, and so on. The GDP in these