December 9, 2016 / 11:33 AM / in a year

Indian banks' loans rose 6.6 percent y/y in two weeks to Nov 25 - central bank

REUTERS - Indian banks’ loans rose 6.6 percent in the two weeks to Nov. 25 from a year earlier, while deposits rose 15.9 percent, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

A man exchanging damaged Indian currency counts 100 rupee notes along a roadside in Kolkata August 30, 2013. REUTERS/Rupak De Chowdhuri/File Photo

Outstanding loans fell 609.90 billion rupees ($9.04 billion) to 72.92 trillion rupees in the two weeks to Nov. 25. Non-food credit fell 656.80 billion rupees to 72.01 trillion rupees, while food credit rose 46.90 billion rupees to 917.80 billion rupees.

Bank deposits rose 4.03 trillion rupees to 105.18 trillion rupees in the two weeks to Nov. 25.

Source text: (here)

$1 = 67.4450 rupees

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