Indian banks' loans rose 9.6 percent in the two weeks to Aug. 19 from a year earlier, while deposits rose 9.2 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.
Outstanding loans fell 203.30 billion rupees ($3.04 billion) to 72.76 trillion rupees in the two weeks to Aug. 19. Non-food credit fell 192.10 billion rupees to 71.72 trillion rupees, while food credit fell 11.10 billion rupees to 1.04 trillion rupees.
Bank deposits fell 330.50 billion rupees to 97.26 trillion rupees in the two weeks to Aug. 19.
Source text: (here)
(India Headline News Team)