The recovery in fee income growth has provided some relief to bankers but it might not be enough to offset the impact on lenders’ treasury income in the coming quarters.
For most of the last financial year, banks’ fee income growth was muted. Banks earned lower corporate banking fees due to slowdown in project finance in an uncertain macro economic environment. State Bank of India (SBI), the country's largest lender, reported a five per cent decline in fee income in 2012-13. However, the rising spends on credit cards, increase in sale of third-party products and demand for consumer loans have led to strong growth in retail banking fees in the first three months of this financial year. This has made bankers optimistic on their overall fee income growth in 2013-14.
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