The
initial phase of this expansion (in 1990s) was dominated by the Public Sector
Banks. However the narrative slowly started changing as Private Sector Banks
turned from being peripheral players to one of the principal drivers in the
process of credit dissemination in the economy. This is evident from the fact
that as of FY07 Private Sector Banks had 20 per cent share in outstanding
credit which now stands at 29 per cent as of FYI7. The share in incremental
credit is even starker with 75 per cent of incremental credit being disbursed
by the private sector banks. competition wizard magazine
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