{
  "id": 3572296,
  "title": "PSBs borrow more to cater to credit demand",
  "url": "https://urgent.news/2026/08/26/psbs-borrow-more-to-cater-to-credit-demand",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-26T19:06:56.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/banking/shifting-gears-psbs-borrow-more-to-cater-to-credit-demand-as-deposits-lag/articleshow/133549912.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Public-sector banks (PSBs) are increasingly borrowing to finance lending expansion as deposits have not kept pace with credit growth, according to The Economic Times. Borrowings by PSBs surged nearly 29% year-on-year in the June quarter, compared to a growth of about 3% in private banks. This divergence coincided with private banks widening their deposit-growth advantage over state-owned lenders to nearly four percentage points. Private banks grew deposits 14.3% year-on-year in the quarter, ahead of the 10.7% expansion recorded by PSBs, helping them gain deposit market share.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}