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Money News

Indian banks' loans rose 5.7% in two weeks to Nov 6 - RBI

FILE PHOTO: A customer hands a 50-Indian rupee note to an attendant at a fuel station in Ahmedabad, India, October 5, 2018. REUTERS/Amit Dave

Nov 20 (Reuters) - Indian banks’ loans rose 5.7% in the two weeks to Nov. 6 from a year earlier, while deposits rose 10.6%, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

Outstanding loans rose 660.82 billion rupees ($8.91 billion) to 104.05 trillion rupees in the two weeks to Nov. 6.

Non-food credit rose 491.10 billion rupees to 103.21 trillion rupees, while food credit rose 169.72 billion rupees to 836.31 billion rupees.

Bank deposits rose 891.29 billion rupees to 143.81 trillion rupees in the two weeks to Nov. 6.

Source text: (here)

($1 = 74.1261 Indian rupees)

India Headline News Team; +91 80 6749 1310

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