<ul data-eligibleForWebStory="false"><li>Systemic deposit growth in Indian banks is gaining momentum, leading to an improvement in the credit-to-deposit ratio.</li><li>Overall, the Net Interest Income (NII) for the banking sector is projected to grow by just 1 percent year-on-year and decline by 1.5 percent quarter-on-quarter due to weak credit expansion.</li><li>Private sector banks have outperformed with stronger loan and deposit growth compared to public sector banks, leading to a decline in the credit-to-deposit ratio for private banks.</li><li>Profit after tax for banks is expected to show modest growth supported by lower credit costs, with private banks likely to see better performance compared to public sector banks.</li></ul>

Indian banks' systemic deposit growth gain momentum but NIM likely to dip 30 bps (y-o-y): Report

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