Banks' loans rise 12.9 % in two weeks to Aug 17; deposit up by 8.3 % : RBI

Indian banks' loans rose 12.9 percent in the two weeks to August 17 from a year earlier, while deposits rose 8.3 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans fell Rs 36.00 billion rupees ($507.33 million) to Rs 86.75 trillion rupees in the two weeks to Aug. 17. Non-food credit fell Rs 85.30 billion rupees to Rs 86.21 trillion, while food credit rose Rs 49.30 billion to Rs 541.60 billion.

Bank deposits fell 719.00 billion rupees to 115.11 trillion rupees in the two weeks to Aug. 17.

Source text: (https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx)

($1 = 70.9600 Indian rupees)