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

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)