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Banks' loans up 9.5 percent y/y in two weeks to March 20 - RBI
April 3, 2015 / 12:12 PM / 3 years ago

Banks' loans up 9.5 percent y/y in two weeks to March 20 - RBI

REUTERS - Indian banks’ loans rose 9.5 percent in the two weeks to March 20 from a year earlier, while deposits grew 11.4 percent, a weekly statistical supplement released by the Reserve Bank of India on Friday showed.

An employee counts rupee notes at a cash counter inside a bank in Kolkata June 18, 2012. REUTERS/Rupak De Chowdhuri/Files

Outstanding loans rose 404.27 billion rupees ($6.51 billion) to 65.65 trillion rupees in the two weeks to March 20. Non-food credit rose 440.07 billion rupees to 64.70 trillion rupees, while food credit fell 35.8 billion rupees to 944.2 billion rupees.

Bank deposits rose 316.09 billion rupees to 85.86 trillion rupees in the two weeks to March 20.

($1 = 62.1300 rupees)

Reporting by Zeba Siddiqui in Mumbai; Editing by Subhranshu Sahu

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