Indian banks' loans rose 9.6 per cent y/y in two weeks to Aug 19

Indian banks' loans rose 9.6 per cent in the two weeks to Aug 19 from a year earlier, while deposits rose 9.2 per cent, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

RBI's data showed that outstanding loans fell Rs 203.30 billion to Rs 72.76 trillion in the two weeks to Aug 19. Non-food credit fell Rs 192.10 billion rupees to Rs 71.72 trillion, while food credit fell Rs 11.10 billion to Rs 1.04 trillion.

Bank deposits fell Rs 330.50 billion to Rs 97.26 trillion in the two weeks to Aug 19.