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Indian Banks' Loans Rise Over 7% In Two Weeks: RBI

Outstanding loans rose 989.26 billion rupees ($13.86 billion) to Rs 101.03 trillion in the fortnight to Jan. 31.

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Indian banks' loans rose 7.1% in the two weeks to Jan. 31 from a year earlier, while deposits increased 9.9%, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

Outstanding loans rose 989.26 billion rupees ($13.86 billion) to 101.03 trillion rupees in the fortnight to Jan. 31.

Non-food credit rose 1.02 trillion rupees to 100.24 trillion rupees, while food credit fell 32.02 billion rupees to 788.99 billion rupees.

Bank deposits rose 1.98 trillion rupees to 133.24 trillion rupees.

(Reuters)


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