Banks' loans rose 11.5% in two weeks to Feb 5: RBI

Outstanding loans rose Rs 63,090 crores to Rs 71,53,000 crores in the two weeks to Feb 5

Indian banks' loans rose 11.5% in the two weeks to Feb 5 from a year earlier, while deposits rose 11.3 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 63,090 crores ($9.21 billion) to Rs 71,53,000 crores in the two weeks to Feb 5. Non-food credit rose Rs 56580 crores to Rs 70,45,000 crores, while food credit rose Rs 6510 crores to Rs 1,09,000 crores.

Bank deposits rose Rs 91,260 crores to Rs 93,61,000 crores in the two weeks to Feb 5.

 

($1 = 68.5350 Indian rupees)