In the December quarter, slower consumer demand and risk aversion to unsecured loans have led banks to report slower credit growth compared to deposit growth. HDFC Bank’s deposits surged 15% year-on-year while its loan growth was at 3%. Only IDBI Bank and IndusInd Bank saw loan growth outpace deposits.
NSE to debut in test of India investor faith in long-term growth
The National Stock Exchange of India Ltd. is set to launch its trading journey following a successful IPO that raised $2.4 billion. Despite robust interest