PSB Market Share

CLSA expects private sector banks, which have been stock market laggards over the past few months, to give better returns ahead, given a good business outlook and inexpensive valuations

The market share in the first quarter of FY24 stood at 33 per cent for private banks and 61 per cent for PSBs

It is leveraging the digital ecosystem, focusing on acquisition of corporate salary accounts, and also cross-selling products to existing clients

Banks have been advised to ensure '100 per cent' compliance of know your customer (KYC) guidelines while sourcing insurance business

The share of such loans declined between September 2020 and March 2022 in private banks and NBFCs but rose for public sector banks

AUM of both companies declined in September quarter

8 leading PSBs are expected to report NII of Rs 1,567 billion during FY18, up from Rs 1,286 billion in FY17