Don’t miss the latest developments in business and finance.

Indian banks' loans rose 15.5% YoY in two weeks to Aug 26, says RBI

Bank deposits rose 455.09 billion rupees to 169.94 trillion rupees in the two weeks to Aug 26

Reserve Bank of India, RBI
RBI
Reuters Sept 9
1 min read Last Updated : Sep 09 2022 | 6:13 PM IST

Sept 9 (Reuters) - Indian banks' loans rose 15.5% in the two weeks to Aug. 26 from a year earlier, while deposits rose 9.5%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose 321.58 billion rupees ($4.04 billion) to 124.58 trillion rupees in the two weeks to Aug. 26.

Non-food credit rose 364.95 billion rupees to 124.30 trillion rupees, while food credit fell 43.36 billion rupees to 277.61 billion rupees.

Bank deposits rose 455.09 billion rupees to 169.94 trillion rupees in the two weeks to Aug. 26.

($1 = 79.5520 Indian rupees)

((India Headline News Team; +91 80 6749 1310))

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

More From This Section

Topics :RBIIndian Banksloans

First Published: Sep 09 2022 | 6:11 PM IST

Next Story