Indian banks' loans rose 7.9 percent in the two weeks to Nov. 11 from a year earlier, while deposits rose 11.7 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.
In its audit report for the year 2014-15, the CAG has pointed out that loans outstanding against state-level organisations and institutions constitute the major portion of total outstanding loans of Delhi government.
Bank deposits rose 2.04 trillion rupees to 91.64 trillion rupees in the two weeks to Oct. 2.
Shubhalakshmi Panse of Allahabad Bank says the bank does not have any term loan exposure to Jharkhand and Bihar. And while the bank has a very small exposure of Rs 28.08 crore to Andhra Pradesh, it is a performing asset and a very recent loan of a small quantum.
Outstanding loans rose 569.7 billion rupees to 54.15 trillion rupees in the two weeks to June 28.
Private sector and foreign banks made greater use of agents to recover outstanding loans from customers than nationalised banks, the State Bank of India and its associate banks, the Lok Sabha was informed.
Rating agency Crisil, which has provided loan rating to 10,000 companies, expects default rate to exceed 3.5 per cent of outstanding loans in the coming days owing to high interest rates and slowdown in economic growth.