New Delhi, June 23 -- Private banks in India have been steadily increasing their share in total bank deposits over the last five years, while public sector banks (PSBs) have witnessed a decline, according to data shared by Union Bank of India.

The report highlighted that in March 2019, public sector banks held 63.2 per cent of the total bank deposits. However, by March 2025, their share fell to 56.3 per cent, a decline of around 600 basis points.

It stated "PVBs continue to increase market share in total deposits while PSBs lost approximately. 600 bps in share during the last 5 years"

During the same period, private banks (PVBs) increased their share from 28.6 per cent to 34.8 per cent. The share of other banks remained almost stable, ...