Since September 2008, the growth rate of advances, as also of assets, started witnessing a declining trend which continued for almost one year up to September 2009.
The Y-o-Y growth in advances fell from 28.5 per cent at the end March 2007 to 12.3 per cent by end Sept 2009 while the Y-o-Y growth in assets fell from 22.9 per cent to 15.1 per cent during the same period.