State-run banks lag private lenders in deposit growth, government analysis shows
Current account balances declined 20% at Canara Bank, 6.2% at Indian Overseas Bank and 2.7% at Union Bank of India during FY26. Bank of Maharashtra reported the strongest current account growth at 24.8%, followed by Punjab & Sind Bank at 20.2%, Bank of Baroda at 12.9% and Indian Bank at 12.2%, the analysis showed.
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