Banks' loans rise 8.8% in two weeks to October 11; deposits climb 9.8%

Banks' loans rose 8.8% in the two weeks ended October 11 from a year earlier, while deposits climbed 9.8%, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday. Outstanding loans rose Rs 216.45 billion ($3.05 billion) from a fortnight earlier to Rs 97.88 trillion. Non-food credit climbed Rs 214.40 billion to Rs 97.28 trillion, while food credit rose Rs 2.05 billion to Rs 602.90 billion. Bank deposits grew Rs 310.70 billion to Rs 129.38 trillion.