Indian banks record 15 pc credit growth, surpassing 13pc deposit growth in FY24: BCG report

New Delhi [India], July 29 (ANI): Unified Payments Interface (UPI) transactions experienced substantial growth, increasing by 57 per cent YoY in FY24. Within this segment, PhonePe and Google Pay dominated, holding a combined market share of 86 per cent, according to Boston Consulting Group (BCG) Banking sector roundup- FY24.

A shift in digital payments was noted, with credit card transactions doubling over the past three