Banks, including small finance banks, fared better across parameters in a seasonally weak Q1, with the key highlight of the quarter being robust credit growth momentum across the board and strong asset quality performance. Credit growth accelerated to ~18% YoY, largely driven by Corporate, SME, and select Retail Segments, with banks seeing a revival in unsecured segment growth as asset quality concerns normalised. The Small/Mid-size banks outperformed their larger peers with growth robust at 27% and 20% YoY respectively, closely followed by PSBs (+18% YoY) and larger private (pvt.) banks (+17% YoY), as per the coverage by Axis Direct. Money Spinners