Kolkata: Gap between credit and deposit growth for Bank of Baroda (BoB), Bank of India (BoI) and Punjab National Bank (PNB) stood over 350 basis points, their provisional quarterly business data showed.BoB reported a 17.42% year-on-year advance growth to Rs 14.2 lakh crore and a 13.81% deposit growth to Rs 16.3 lakh crore at the end of June quarter even as it saw sequential contraction in both asset and liability from the March 2026 levels.In contrast, BoI and PNB reported both annual and quarterly business expansion. PNB reported a 12.85% year-on-year advances growth to Rs 12.8 lakh crore and 8.52% growth in deposits to Rs 17.3 lakh crore. BoI reported an 18.64% year-on-year advances growth to Rs 8 lakh crore and 14.92% deposits growth to Rs 9.6 lakh crore.
BoB, BoI, PNB see 350 bps credit-deposit gap widen
Three major public sector banks – Bank of Baroda, Bank of India, and Punjab National Bank – are showing a significant gap between their credit and deposit growth, exceeding 350 basis points. While Bank of Baroda saw a sequential dip in both assets and liabilities, Bank of India and Punjab National Bank reported consistent expansion in their business figures year-on-year and quarter-on-quarter.
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