Business Standard

Bank loans rose 7.9% YoY in two weeks to Feb 25, deposits up 8.6%: RBI

March 11 (Reuters) - Indian banks' loans rose 7.9% in the two weeks to Feb. 25 from a year earlier, while deposits rose 8.6%, the Reserve Bank of India's weekly statistical supplement showed

RBI, Reserve Bank of India

Reuters March 11

March 11 (Reuters) - Indian banks' loans rose 7.9% in the two weeks to Feb. 25 from a year earlier, while deposits rose 8.6%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose 820.47 billion rupees ($10.74 billion) to 116.27 trillion rupees in the two weeks to Feb. 25.

Non-food credit rose 918.03 billion rupees to 115.59 trillion rupees, while food credit fell 97.56 billion rupees to 682.24 billion rupees.

Bank deposits rose 892.97 billion rupees to 162.17 trillion rupees in the two weeks to Feb. 25.

(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.)

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First Published: Mar 11 2022 | 5:52 PM IST

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