India's banking story still evolving

Banks have started seeing signs of growth in credit. Retail loans still remain the growth driver but money has also started flowing to the corporate sector

After the September quarter earnings, when the banking industry had made record profits, we saw a spring in the step of bankers. 

After the December quarter, that spring has turned into a jog. If another wave of the Covid-19 pandemic doesn’t hit us, many of them will soon start running.

Led by India’s largest lender, the State Bank of India (SBI), public sector banks (PSBs) have collectively recorded a net profit of Rs 17,729 crore in the December quarter — the highest ever. Including the earnings of listed private banks, the industry’s net profit is Rs 44,733 crore, surpassing the