All thanks to the demonetisation.
According to Maybank Kim Eng, demonetisation led to a surge in deposits for banks across the board. IIB’s CASA deposits grew 46% YoY in 3QFY17. Loan growth was widely spread across retail and SME loans.
"Mortgages and cards witnessed 8-10% QoQ growth. But some pockets within vehicle financing, such as commercial vehicles and two wheelers saw weakness in growth (10% YoY vs 15% in 2QFY17). Nonetheless, IIB’s market share grew further with loan growth at 25% YoY compared with the industry at only 5% YoY."
Join Asian Banking & Finance community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!