According to the latest data released by the Reserve Bank of India, the loan take-ups by customers is beginning to rise in the country as banks record higher disbursements.

Commercial banks in the country disbursed loans amounting to Rs 55,443 crore in the fortnight till October 7, 2011 compared to Rs 18,860 crore in the earlier fortnight period. Banks are seeing a growth in working capital loans and to some extent in retail loans.

However, they point out that the more take-ups are not being finalized because capital expenditure proposals for setting up new projects and expanding capacities are not being planned now because of high interest rates.

The bankers usually see a busy season from October 1 when consumers increase spending due to the festival season and the farmers spend their income from harvesting autumn crop.

The growth in loan disembarrassments has been slower in the year in India due to rising interest rates and overall slowdown in demand for goods and services. The banks have handed out loans amounting to Rs 2,09,938 crore this year, compared to Rs 2,28,600 crore in the corresponding period last year.