Banks' deposits, loans fall in two weeks to July 12

Image
Reuters MUMBAI
Last Updated : Jul 24 2013 | 4:25 PM IST

MUMBAI (Reuters) - Indian banks' deposits and advances fell in the two weeks to July 12, provisional data from the Reserve Bank of India showed on Wednesday.

Advances declined 0.3 percent in the two weeks to 53.98 trillion rupees, while deposits fell 0.1 percent to 70.80 trillion rupees, the central bank said in a statement.

On a yearly basis, deposits grew 13.7 percent, while credit rose 14.2 percent, the central bank said. (Reporting by Shamik Paul; Editing by Subhranshu Sahu)

*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: Jul 24 2013 | 4:14 PM IST

Next Story