Indian banks loans up 9.6% year-on-year in two weeks to Aug 19: RBI

Indian banks' loans rose 9.6% in the two weeks to August 19 from a year earlier, while deposits rose 9.2%, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

Outstanding loans fell Rs 203.30 billion (nearly $3.04 billion) to Rs 72.76 trillion in the two weeks to August 19.

Non-food credit fell Rs 192.10 billion to Rs 71.72 trillion, while food credit fell Rs 11.10 billion to Rs 1.04 trillion.

Bank deposits fell Rs 330.50 billion to Rs 97.26 trillion in the two weeks to August 19.