Indian banks' loans rose 4.8% in 2 weeks to Feb 17: RBI

Deposits rose 12.8%, the RBI's weekly statistical supplement

Indian banks' loans rose 4.8 per cent in the two weeks to Feb 17 from a year earlier, while deposits rose 12.8 per cent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose 62.60 billion rupees ($936.63 million) to 74.85 trillion rupees in the two weeks to Feb 17. Non-food credit rose 80.70 billion rupees to 73.80 trillion rupees, while food credit fell 18.10 billion rupees to 1.06 trillion rupees.

Bank deposits fell 757.10 billion rupees to 104.87 trillion rupees in the two weeks to Feb 17.