Indian banks’ loans rise 7.1pc in two weeks to December 20
Indian banks’ loans rose 7.1 per cent in the two weeks to Dec. 20 from a year ago, while deposits rose 10.1pc, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday.
Outstanding loans rose 125.19 billion rupees to 99.47 trillion rupees in the two weeks to Dec. 20. Non - food creditrose 520.40bn rupees to 98.62trn rupees, while food credit fell 395.21bn rupees to 851.43bn rupees.
Bank deposits fell 974.01bn rupees to 130.09trn in the weeks to Dec. 20.