Banks post faster growth in first half of FY14

Indian banks' loans and deposits grew faster in the first six months of the current fiscal year ending March from the same period a year earlier, according to the Reserve Bank of India data released on Tuesday.

Banks' loans grew about 10.1 per cent to Rs 57.94 lakh crore during March-end to September 20 faster than 3.4 per cent a year earlier, while deposits rose about 9.3 per cent to Rs 73.77 lakh crore compared with 6.5 per cent a year earlier.

Banks' investments in securities grew about 8.9 per cent to Rs 21.84 lakh crore during March-end to September 20 compared with 12.1 per cent in the same period of the previous year.

Copyright: Thomson Reuters 2013