Indian banks' loans rose 4.8% in two weeks to Feb 17 - RBI

Outstanding loans rose Rs 62.60 billion ($936.63 million) to 74.85 trillion rupees in the two weeks to Feb 17. Non-food credit rose Rs 80.70 billion toRs 73.80 trillion, while food credit fell Rs 18.10 billion  to Rs 1.06 billion. 

Indian banks' loans rose 4.8% in two weeks to Feb 17 - RBI
Outstanding loans rose Rs 62.60 billion ($936.63 million) to 74.85 trillion rupees in the two weeks to Feb 17. Photo: Reuters

Indian banks` loans rose 4.8% in the two weeks to Feb. 17 from a year earlier, while deposits rose 12.8%, the Reserve Bank of India`s weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 62.60 billion ($936.63 million) to 74.85 trillion rupees in the two weeks to Feb 17. Non-food credit rose Rs 80.70 billion toRs 73.80 trillion, while food credit fell Rs 18.10 billion  to Rs 1.06 billion. 

Bank deposits fell 757.10 billion rupees to 104.87 trillion rupees in the two weeks to Feb. 17.

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Written By: Reuters
Updated: Fri, Mar 03, 2017
05:10 PM IST
Delhi, Reuters
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