New Delhi, April 11 -- Indian banks have been through some tough times lately. Retail lending skyrocketed after the pandemic, leading to intense competition and soon followed by stress in the segment. The regulator responded by tightening the guardrails, resulting in a slowdown in retail credit in an environment already marred by subdued corporate credit. Deposit growth has been hit, too, as domestic assets found their way from bank deposits towards stock markets.

In these troubled times, banks have posted low double-digit growths for FY25. Some banks like HDFC performed better on deposits with more than 15% growth, while their credit-growth was much slower at just about 7%. On the other end of the spectrum, we have the likes of UCO Bank...