March 3, 2017 / 11:36 AM / 9 months ago

Indian banks' loans rose 4.8 percent in two weeks to Feb 17 - RBI

REUTERS - Indian banks’ loans rose 4.8 percent in the two weeks to Feb. 17 from a year earlier, while deposits rose 12.8 percent, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

Outstanding loans rose 62.60 billion rupees ($936.63 million) to 74.85 trillion rupees in the two weeks to Feb. 17. Non-food credit rose 80.70 billion rupees to 73.80 trillion rupees, while food credit fell 18.10 billion rupees to 1.06 trillion rupees.

Bank deposits fell 757.10 billion rupees to 104.87 trillion rupees in the two weeks to Feb. 17.

Source text: (here)

$1 = 66.8350 rupees

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