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Indian banks' loans rose 20.2% in the two weeks to July 14 from a year earlier, while deposits rose 13.2%, the Reserve Bank of India's weekly statistical supplement showed on Friday
 "Indian banks' loans rose 20.2% y-o-y in 2 weeks to July 14: RBI data")
July 28 (Reuters) - Indian banks' loans rose 20.2% in the two weeks to July 14 from a year earlier, while deposits rose 13.2%, the Reserve Bank of India's weekly statistical supplement showed on Friday.
Outstanding loans rose 3.73 trillion rupees ($45.33 billion) to 147.64 trillion rupees in the two weeks to July 14.
Non-food credit rose 3.76 trillion rupees to 147.40 trillion rupees, while food credit fell 36.03 billion rupees to 243.04 billion rupees.
Bank deposits fell 1.25 trillion rupees to 190.30 trillion rupees in the two weeks to July 14.
Source text: (https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx)
($1 = 82.2160 Indian rupees)
((India Headline News Team; +91 80 6749 1310))
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Jul 28 2023 | 11:05 PM IST
