Concern is growing over excessive bank lending in China as some banks' loan-deposit ratio reached as high as 87 percent at the end of September.
The alarming figures have prompted some banks to issue urgent notices asking all branches to tighten lending policies.
Local banks in Ningbo, Zhejiang province, averaged loan-deposit ratios of 87 percent at the end of September while the ratio for China Everbright Bank had reached 77.6 percent.
At the end of September, outstanding lending by all financial institutions jumped by 23.7 percent year on year to RMB 16.65 trillion, 5.3 percentage points higher than last year.
In the same period, new loans by all financial institutions totaled up to RMB 2.7 trillion, RMB 745.9 billion more than all they lent for the whole of last year.
The central bank, the People's Bank of China (PBOC), said that the quick growth in credit was despite precautionary measures introduced earlier in the year.
It cautioned that a fast rise in money supply may push up the consumer price index, triggering runaway inflation.