Indian lenders' loan growth picks up pace in December quarter

Indian banks like HDFC Bank and Bank of Baroda are witnessing a strong rebound in loan growth, signaling a healthy demand for credit. This recovery, driven by festive spending and tax cuts, has pushed systemic credit growth to 11.4% year-on-year. Secured gold and vehicle loans are leading the charge, though deposit growth lags, widening the loan-to-deposit ratio.