Indian banks' loans rose over 6% in just two weeks post demonetisation
Indian banks` loans rose 6.6 % in the two weeks to November 25 from a year earlier, while deposits rose 15.9 %, the Reserve Bank of India`s weekly statistical supplement showed on Friday.
Outstanding loans fell 609.90 billion rupees ($9.04 billion) to 72.92 trillion rupees in the two weeks to November 25.
Non-food credit fell 656.80 billion rupees to 72.01 trillion rupees, while food credit rose 46.90 billion rupees to 917.80 billion rupees.
Bank deposits rose 4.03 trillion rupees to 105.18 trillion rupees in the two weeks to November 25.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:20 PM IST