PSU banks' loan growth halves to 9 pc in Q2

The growth in gross advances of public sector banks has halved to 9 per cent for the quarter ended September, reflecting a persisting slowdown in the economy.
The loan disbursement had expanded by 18.80 per cent at the end of September last year, as per government data.
Kolkata-based United Bank of India registered a contraction in loan growth to the tune of (-21.51 per cent).
State Bank of Travancore recorded a growth 1.08 per cent, the second lowest expansion, followed by Bank of Maharashtra at 1.92 per cent at the end of second quarter of this fiscal.
India Overseas Bank expanded its loan book by 2.96 per cent and State Bank of Hyderabad by 2.17 per cent.

Bank of India with 18.55 growth in loan book topped the list.

Gross deposit growth on year-on year basis declined 12.18 per cent as compared to 16.05 per cent in the corresponding period last year.
The CASA deposits have registered a growth of 10.48 per cent. However, percentage of total deposits have marginally declined to 32.10 per cent from 32.43 per cent at the end of September 2013.
Public sector banks together accounted for 74 per cent share in aggregate deposits and 71.7 per cent share in gross bank credit, while private sector banks' share stood at 18.7 per cent and 20.5 per cent respectively at end-September 2014.

The Net Interest Margin (NIM) for PSBs was in the range of 1.82 per cent to 3.51 per cent as on September, 2014 as compared to the range of 2.05 per cent to 3.57 per cent as on September 2013.
The NIM has declined in all PSBs except in the case of seven PSBs in comparison to last corresponding period.