Do More With Reuters
Partner Services

Indian bank loans up 26.3 pct in two weeks to June 20

Fri Jul 4, 2008 5:02pm IST
 
Email | Print | | Single Page
[-] Text [+]

MUMBAI, July 4 (Reuters) - Indian banks' loans INLOAN=ECI rose 26.3 percent year-on-year in the two weeks to June 20, the central bank's weekly statistical supplement showed on Friday.

Deposits were up 21.9 percent from a year earlier.

Outstanding loans rose 120.30 billion rupees to 23.92 trillion rupees in the two weeks to June 20.

Non-food credit rose by 111.20 billion rupees to 23.42 trillion rupees in the two weeks, while food credit rose by 9.09 billion rupees to 501.47 billion rupees in the same period.

Banks' deposits fell by 72.03 billion rupees to 32.50 trillion rupees in the two weeks to June 20. (Reporting by Mumbai Treasury Desk)

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article