Indian banks' loans up 5.8% in two weeks to December 9: RBI

Indian banks' loans up 5.8% in two weeks to December 9: RBI
A cashier counts Indian banknotes as customers wait in queues inside a bank in Chandigarh. Image Source: Reuters

 

Indian banks` loans rose 5.8% in the two weeks to December 9 from a year earlier, while deposits rose 15.9%, the Reserve Bank of India`s (RBI) weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 46,830 crore ($6.91 billion) to Rs 73,39,000 crore in the two weeks to December 9.

ALSO READ: Indian banks' loans rose over 6% in just two weeks post demonetisation 

Non-food credit rose Rs 38,690 crore to Rs 72,39,000 crore, while food credit rose Rs 8,140 crore to Rs 99,920 crore.

Bank deposits rose Rs 73,520 crore to Rs 1,05,910,00 crore in the two weeks to December 9.

 

 

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Written By: Reuters
Updated: Sat, Dec 24, 2016
09:08 AM IST
Reuters
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