New Delhi, Aug. 1 -- Public Sector banks (PSBs) performed better than Private sector banks (PVBs), PSBs credit rate growth was 11 per cent as compared to 8.1 per cent of PVBs in Q1 of the Financial Year, according to a report by CareEdge.

However, the report suggests, out of the seven PSBs included in the report, only three reported growth in net advances, mainly due to higher lending in retail, agriculture, and MSME sectors.

The other four PSBs saw a decline, as they chose to slow down loan growth and focus on profitability instead of expanding.

Additionally, In Q1FY26, Scheduled Commercial Banks (SCBs) also saw a slowdown in Net Interest Income (NII) growth to 4.1 per cent year-on-year, down from 12.7 per cent in Q1FY25. Net interest...