December 23, 2016 / 12:16 PM / 8 months ago

Indian banks' loans rose 5.8 percent in two weeks to Dec 9 - RBI

A cashier counts banknotes as customers wait in queues inside a bank in Chandigarh, India, November 10, 2016.Ajay Verma/File Photo

REUTERS - Indian banks' loans rose 5.8 percent in the two weeks to Dec. 9 from a year earlier, while deposits rose 15.9 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose 468.30 billion rupees ($6.91 billion) to 73.39 trillion rupees in the two weeks to Dec. 9. Non-food credit rose 386.90 billion rupees to 72.39 trillion rupees, while food credit rose 81.40 billion rupees to 999.20 billion rupees.

Bank deposits rose 735.20 billion rupees to 105.91 trillion rupees in the two weeks to Dec. 9.

Source text: (here)

India Headline News Team

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