Mumbai, Feb. 28 -- India's public sector banks have outpaced their private sector peers in growing their loan book, regaining market share lost over the past several years when asset quality and capital concerns had weighed them down.
While loans by public sector banks grew 12.4% year-on-year (y-o-y) in December, private banks saw their loan book grow 10.5%. The gap between the outstanding loans of state-owned banks and private lenders stood at Rs.21 trillion as on 31 December, against Rs.19.5 trillion in September, as per data from the Reserve Bank of India (RBI). The data also showed that the share of public sector banks in the overall banking system loans is also increasing.
Public sector banks accounted for 53.5% of all loans as on 31...