Indian banks' loans rose 17.9% in the two weeks to Oct. 7 from a year earlier, while deposits rose 9.6%, the Reserve Bank of India's weekly statistical supplement showed on Friday
Banks' loans rose 8% in the two weeks to Jan. 14 from a year earlier, while deposits rose 9.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday.
The state-owned banks account for a dominant share (around 90 per cent) of impaired loan stock and have cumulatively written-off nearly 30 billion dollars in bad loans over the past three years
For small and marginal farmers, institutional credit at reasonable costs can act as a catalyst and convert them into vibrant commercial farmers, Jain added