Private sector banks' share in loans rises to 36.5% in FY21

Surpass other bank groups in terms of loan growth

Helped by faster pace of credit growth, the share of Indian private banks in total credit rose to 36.5 per cent in the financial year ended March 2021 (FY21) from 35.4 per cent a year ago.

Private sector banks recorded higher loan growth compared to other bank groups. Their share in total credit was 24.8 per cent five years ago, the Reserve Bank of India said in a statement.

Private sector banks' loan growth moderated to 9.1 per cent in FY21, from 9.3 per cent in FY20. Public sector posted a loan growth of 3.6 per cent in FY21, down from 4.2