Banks’ earnings for the July-September quarter (Q2FY22) came as a glimmer of hope for the cyclical sector as formation of non-performing assets (NPAs) peaked with credit growth beginning to pick up. Growth in advances picked up for large private banks in the September 2021 quarter of fiscal 2021-22 (Q2-FY22), with ICICI Bank, HDFC Bank, IndusInd Bank, and Federal Bank reporting a sequential uptick of 3.5–5 per cent.
While Kotak Mahindra Bank reported a sharp growth of 8 per cent quarter-on-quarter (QoQ), Axis Bank witnessed flattish trends. Within this, corporate growth ...
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