The loan book of banking industry has not seen rise of any kind after the first quarter results for this year were announced. The outstanding loans are still less than the figures of June end.

The June quarter had seen rise in credit because of heavy borrowing by telecom companies regarding the 3G deal.

According to data revealed by RBI, loans to individuals and businesses (non-food credit) as of August 13 stood at Rs 3,317,583.15 crore — Rs 30,000 crore lower than the June end levels.

Bankers have also accepted on private levels that the credit demand has been slow recently, the only demand coming from infrastructure sector. They further say that with base rate setting in, corporates seem to be more unwilling to raise working capital loans from banks.

Deposits have also seen a dip for banks in the last fortnight. Total deposits of banks as on August 13 amounted to Rs 4,010,052 crore, down Rs 8,016.18 crore over the previous fortnight’s levels.