In its Global Banking Outlook-2023 report, S&P said economic recovery is driving credit costs to cyclical low levels and stronger balance sheets and higher demand should boost bank loan growth, but deposit growth will lag. S&P expects loan growth to stay somewhat in line with the trajectory of nominal GDP, and loan growth to the retail sector to continue to exceed that of the corporate sector, the agency added.source https://economictimes.indiatimes.com/industry/banking/finance/banking/polarisation-in-performance-of-indian-banks-to-persist-sp/articleshow/95581677.cms
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