Banking Industry grew 12.4% YoY for the quarter ended June 30, 2019 with Private Sector Banks growing at 16.35% YoY vis-a-vis ~10% for PSU Banks. Industry maintained the similar growth trend of 11.4% in the month of July'19 as per RBI sectoral deployment data. Retail grew 17% YoY led by higher home loans growing at ~19% YoY. H1FY20 saw risk aversion in the wholesale segment and banks were cautious in the retail segment especially in the credit card & personal loan. Credit growth in wholesale segment is expected to turn around after govt. announced corporate tax cuts which should result in capex especially private capex which was muted in past few years due to tepid demand and low capacity utilisation....