Three small, mid-sized banks post 4.9-12% credit growth in Dec quarter

Three small and medium size private banks – CSB Bank, Karnataka Bank and Federal Bank - posted credit growth between 4.9 – 12 per cent on a year-on-Year (Y-o-Y) basis in the December quarter (Q3FY22).

Commercial banks in India as a group posted 7.3 per cent (Y-o-Y) growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.

Federal Bank’s loan book grew by 12 per cent (Y-o-Y) to Rs 143,633 crore at end of December 2021 from Rs 1,28,180 crore a year ago. The Kochi-based bank’s advances were up 4.6 per cent sequentially from Rs 1,37,313 crore