Indian banks' loan-to-deposit ratios improve in Q2, with HDFC Bank at 107.26% and State Bank of India at 77.33%.

Indian banks are expected to see improved loan-to-deposit ratios following increases reported in the April-June quarter. HDFC Bank's ratio rose to 107.26%, while State Bank of India reached 77.33%. Finance Minister Nirmala Sitharaman has called for state-run banks to enhance deposit mobilization, particularly in smaller cities, and proposed attractive offers and special initiatives to support sustainable credit growth.

September 29, 2024
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