Indian banks' loans rose 19.2% in the two weeks to June 14 from a year earlier, while deposits rose 12.6%, the Reserve Bank of India's weekly statistical supplement showed on Friday.
Outstanding loans fell Rs 716.02 billion ($8.59 billion) to Rs 167.11 trillion in the two weeks to June 14.
Non-food credit fell Rs 682.66 billion to Rs 166.74 trillion, while food credit fell Rs 33.36 billion to Rs 369.23 billion.
Bank deposits fell Rs 1.84 trillion to Rs 209.03 trillion in the two weeks to June 14.