Private sector banks have significantly increased their market share in loans, reaching 40% by March 2025, while public sector banks’ share declined to 52.3%. The overall banking system experienced substantial growth, with total loans rising by over 78% between 2020 and 2025. This shift indicates increasing customer preference and broader credit access, with smaller players also expanding their role.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also