Loans and advances of foreign banks operating in India grew 13% in FY19

Loans and advances of foreign banks operating in India rose about 13% to nearly Rs 3.97 trillion in 2018-19 (FY19). This was slightly ahead of the 11% growth in this regard at scheduled commercial banks in general, comprising private, government-owned, foreign, and small finance banks (SFBs). 

The loan book of private banks grew at a much higher rate, of 25%. Public sector banks expanded theirs by only 4%. SFBs, a group of recent origin, showed 70.5% growth in loans. Deposits at foreign banks rose 17% in FY19, to Rs 5.8 trillion, from Rs 4.95 trillion the previous year. Their capital base