Now Reading: PSBs post 15 to 25% credit growth in Q2, deposits lag
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PSBs post 15 to 25% credit growth in Q2, deposits lag
Five public sector banks have reported year-on-year credit growth of 15 to 25 percent for the quarter ended September 30, 2026, according to provisional business figures. Deposit growth trailed at 7 to 14 percent, continuing the trend of a widening gap between credit and deposit growth. The Hindu Business Line reports that demand was higher across all four segments tracked by RBI: agriculture, industry, services and personal loans.
Bank of India's global business rose 21 percent year-on-year to Rs 18.9 lakh crore, with advances up 20 percent, NDTV Profit reports. CNBC-TV18 reports Bank of Baroda's global business grew 17.45 percent to Rs 32.64 lakh crore, while IDBI Bank reported 18 percent growth to Rs 6.27 lakh crore. Punjab National Bank, Union Bank of India, Indian Bank, UCO Bank and Punjab & Sind Bank also posted double-digit advances growth, per The Hindu Business Line.
Indian Opinion Analysis
All four outlets reported the Q2 business updates as straight, neutral figures without any critical or pro-government framing. NDTV Profit and CNBC-TV18 each covered a single bank, while The Hindu Business Line aggregated five PSBs and added RBI's sectoral credit data, giving a broader picture of the credit-deposit gap. The uniformity across sources means the story is purely a provisional numbers round-up. The key number to watch will be whether deposit growth catches up with credit expansion in the coming quarters, as the gap remains wide for lenders such as Union Bank of India, where it stood at 1,048 basis points as of September-end 2026.
Coverage: 4 sources, 4 neutral
Sources (4): ndtvprofit.com (neutral report), cnbctv18.com (neutral report), cnbctv18.com (2) (neutral report), thehindubusinessline.com (neutral report)
This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Methodology and corrections.
