Mumbai, Aug. 17 -- India's private-sector banks outperformed their public-sector peers in the June quarter, with higher aggregate profits, faster deposit growth and overall better asset quality, a comparison of 18 private and 12 public-sector lenders showed.

In comparison, state-owned banks have seen steeper improvements in asset quality and faster growth in net interest income (NII), the difference between interest earned on loans and paid on deposits.

Private banks showed a stronger overall performance on profitability and the quality of growth. According to Bloomberg data, 18 private banks reported aggregate net profit of Rs.55,019 crore in the first quarter of fiscal year 2027 (Q1FY27), compared with Rs.50,173 crore for 12 public-se...