Recent Data showed that Indian Banks have sanctioned more loans in two weeks to September 19. In comparison to the previous year as per the analysis by the Reserve bank it is noticed that 9.7% more loans are distributed by the Indian Banks this year. The deposit rate of the bank has increased to 13.4%.
Further the report has also stated that outstanding loans raised Rs 55.9 billion to Rs 61.5 trillion in the two weeks to September 19. In addition to this the bank deposits have fallen from Rs 260.8 billion to Rs 81.1 trillion in these two weeks.