New Delhi, Sept. 20 -- For the first time since March 2010, Public Sector Banks (PSBs) reported double-digit growth in advances at 12.2 per cent year-on-year in FY25, surpassing Private Sector Banks' (PVBs) growth of 9.5 per cent, according to a Systematix Group report.

"PSBs held a dominant 74.9 per cent market share of advances in March 2011, which steadily deteriorated to 51.8 per cent by March 2024. For the first time since March 2010, PSBs recorded 12.2 per cent YoY growth in Advances in FY25, outpacing that of PVBs at 9.5 per cent," the report said.

While credit growth accelerated, the report highlighted that deposits have been lagging advances for three consecutive years, stretching the system's credit-to-deposit ratios. Despite ...