Current Affairs · Banking Sector Credit and Deposit Trends

A data report on the performance of the banking sector during Q3 FY25 (October-December 2024) highlighted a deceleration in bank credit and deposit growth rates alongside specific sectoral shifts. Based on sectoral lending trends and deposit metrics recorded during this period, which of the following statements is/are correct? 1. Year-on-year bank credit growth decelerated to 11.8% in December 2024 from 12.6% in the previous quarter, while aggregate deposit growth moderated slightly to 11%. 2. Lending to public sector organizations witnessed a sharp increase, rising to 5.4% in December 2024 from 0.3% in the previous quarter, and accounted for a 13.6% share in total credit. 3. Personal loans experienced a massive reduction in overall market share across all major commercial lending institutions. Select the correct option: