Indian banks' loans rose 8.9% y-o-y in two weeks to October 14: RBI

Indian banks' loans rose 8.9% in the two weeks to October 14 from a year earlier, while deposits rose 10.4%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans fell 2.12 trillion rupees ($31.68 billion) to 73.62 trillion rupees in the two weeks to Oct 14. Non-food credit fell 2.18 trillion rupees to 72.70 trillion rupees, while food credit rose 66.10 billion rupees to 920.70 billion rupees.

Bank deposits fell 2.45 trillion rupees to 99.63 trillion rupees in the two weeks to Oct. 14.