Indian banks’ loans rose 11.5% y/y in two weeks to Oct 18 – central bank – ET BFSI

– Indian banks’ loans rose 11.5% in the two weeks to Oct. 18 from a year earlier, while deposits rose 11.7%, the Reserve Bank of India‘s weekly statistical supplement showed on Friday.

Outstanding loans fell 595.28 billion rupees ($7.08 billion) to 172.38 trillion rupees in the two weeks to Oct. 18.

Non-food credit fell 603.81 billion rupees to 172.20 trillion rupees, while food credit rose 8.53 billion rupees to 186.54 billion rupees.

Bank deposits fell 1.13 trillion rupees to 218.08 trillion rupees in the two weeks to Oct. 18.

Source text: (https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx)

($1 = 84.0400 Indian rupees)

((India Headline News Team; +91 80 6749 1310))

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