Banks' loans rose 7.9% in two weeks to Nov 11, says RBI

While bank deposits rose Rs 1.31 trillion to Rs 101.15 trillion in the two weeks to November 11

Image via shutterstock.com
Image via shutterstock.com
Reuters
Last Updated : Nov 25 2016 | 6:24 PM IST

Indian banks' loans rose 7.9% in the two weeks to November 11 from a year earlier, while deposits rose 11.7%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans fell Rs 591.00 billion ($8.64 billion) to Rs 73.53 trillion in the two weeks to November 11. Non-food credit fell Rs 439.70 billion to Rs 72.66 trillion, while food credit fell Rs 151.40 billion to Rs 870.90 billion.

Bank deposits rose Rs 1.31 trillion to Rs 101.15 trillion in the two weeks to November 11.

($1 = Rs 68.4200)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 25 2016 | 5:45 PM IST

Next Story