Indian banks' loans rise 9.7% y-o-y in two weeks to Nov 13: RBI

Indian banks' loans rose 9.7% in the two weeks to Nov 13 from a year earlier, while deposits rose 11%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 26,910 crore ($4.03 billion) to Rs 68,31,000 crore in the two weeks to Nov 13. Non-food credit rose Rs 27,730 crore to Rs 67,29,000 crore, while food credit fell Rs 810 crore to Rs 1,02,000 crore.

Bank deposits fell Rs 37,860 crore to Rs 91,02,000 crore in the two weeks to Nov 13.

 

($1 = 66.7250 Indian rupees)