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Byline: Biswa Swarup Misra
Overall economic growth has dipped from 8.5 per cent in 2010-11 to 6.5 per cent in 2011-12.
The slowdown has impacted the business growth of the banking system.
Excluding window dressing by banks, deposits and advances grew 13.4 per cent and 17 per cent in 2011-12 respectively compared to 15.9 per cent and 21.5 per cent in 2010-11. In such a scenario how have the nationalised banks (NBs) and new private banks (NPBs) fared?
Business Growth: Business growth can be seen from the perspective of deposits and advances. The NPBs were more aggressive than NBs both on both deposit mobilisation and credit disbursement.
Compared to a 15 per cent growth for NBs, deposits of NPBs grew …