Banks post faster growth in first half FY14

MUMBAI (Reuters) - 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 percent to 57.94 trillion rupees during March-end to September 20 faster than 3.4 percent a year earlier, while deposits rose about 9.3 percent to 73.77 trillion rupees compared with 6.5 percent a year earlier.

Banks' investments in securities grew about 8.9 percent to 21.84 trillion rupees during March-end to September 20 compared with 12.1 percent in the same period of the previous year.

(Reporting by Suvashree Dey Choudhury; Editing by Anand Basu)

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