The growth, it said, is supported by heightened demand for gold loans, auto loans, and a resurgence in personal loans and credit cards. PSU banks further consolidated their leadership across several major loan categories.
The Indian stock market on Monday ended in green territory after trading higher, driven by upbeat quarterly results from top lenders in the financial sector and a rebound in global risk appetite following signs of easing US-China trade tensions.
The selling pressure returned to Indian markets on Thursday after a brief bounceback in the previous trading session, as persistent foreign investor outflows weighed on sentiments.
Public Sector Banks (PSBs) are entering a new phase of profitability as their return on assets (RoA) has crossed 1 per cent, supported by stronger balance sheets, better asset quality and steady credit growth, according to a recent Motilal Oswal report.
Even as corporate loan growth continues to remain subdued, most public sector banks (PSBs) are expected to post robust loan growth in the coming quarter, primarily led by loans to retail, agriculture, and MSME segments, according to a sector update by Nuvama Institutional Equities.
The transmission of policy rate cuts by the Reserve Bank of India (RBI) is visible in the outstanding books of banks and fresh loans are given at relatively higher margins, according to a recent report by CareEdge Ratings.
State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling Rs 8,585 crore.
The Indian stock markets ended their day in green, marginally above yesterday's closing level on Tuesday, after snapping a four-session winning streak in the previous session.
Public sector banks (PSBs) continue to dominate in terms of the value of transactions made through ATMs and cash deposit machines (CRMs), while private sector banks maintained a strong lead in online (e-commerce) transaction value, according to the data from a report by Indus Equity.
The credit growth of Indian banks moderated in the Financial Year 2025, yet Public Sector Banks (PSBs) gained the market share, outperforming their Private Banks (PVBs) counterparts, according to a report by the Union Bank of India.
Mumbai (Maharashtra) [India], May 14: AVG Logistics Limited (BSE - 543910, NSE - AVG a leading multimodal logistics solutions provider, is pleased to announce that it has received debt funding approvals of up to approximately Rs112 Cr from two prominent PSU banks. The funds will be utilised