Indian bank branches operating abroad have shown credit growth of 31.7% at Rs 5.86 lakh crore, or $107.7 billion, in 2012-13, while their deposits grew 45.5% to Rs 3.93 lakh crore, according to Reserve Bank of India (RBI) data. At the same time credit extended by foreign lenders operating in India increased by 27.5% to Rs 3.08 lakh crore, their deposits were up 3.2% to Rs. 2.84 lakh crore. RBI has just released a report, ‘Survey on International Trade in Banking Services: 2012-13’. It also said the total income of Indian overseas branches increased by 28.1% to Rs 36,560 crore ($6.7 billion) in 2012-13. In case of foreign banks operating in India, the total income increased by 13.1% to Rs. 52,840 crore ($9.7 billion). The survey covered 170 overseas branches, 184 overseas subsidiaries of Indian banks and 316 branches of foreign banks in India. India’s 170 overseas bank branches generated fee income of Rs 9,350 crore ($1.7 billion) in 2012-13, up from Rs 6,800 crore ($1.4 billion) in the previous fiscal year. However, for the foreign banks in India, total fee income declined to Rs 7,450 crore ($1.4 billion) from Rs 9,430 crore ($2 billion) in the previous year. The Indian banks abroad generated a major share of fee income by credit related and trade finance services, while foreign banks in India generated a major source of fee income by derivative, stock, securities, foreign exchange trading services and financial consultancy and advisory services.