Banks loans rose 9.1% in 2 weeks to Oct 28: RBI

While deposits rose 9.8%, according to Reserve Bank of India's weekly statistical supplement

Indian banks' loans rose 9.1% in the two weeks to Oct 28 from a year earlier, while deposits rose 9.8%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose 502.20 billion rupees ($7.48 billion) to 74.12 trillion rupees in the two weeks to Oct 28. Non-food credit rose 400.70 billion rupees to 73.10 trillion rupees, while food credit rose 101.60 billion rupees to 1.02 trillion rupees.

Bank deposits rose 205.20 billion rupees to 99.84 trillion rupees in the two weeks to Oct 28.