You are here: Home » Finance » News » Banks
Business Standard

Indian banks' loans rose 6.6% in two weeks to Feb 12: RBI data

Deposits rose 11.8%

Topics
Banking sector | Reserve Bank of India | Banks

Reuters  |  BENGALURU 

Banks
Representational image

Indian banks' loans rose 6.6% in the two weeks to Feb. 12 from a year earlier, while deposits rose 11.8%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans fell 10.44 billion rupees ($141.30 million) to 107.04 trillion rupees in the two weeks to Feb. 12.

Non-food credit rose 107.78 billion rupees to 106.28 trillion rupees, while food credit fell 118.22 billion rupees to 752.87 billion rupees.

Bank deposits fell 166.91 billion rupees to 147.81 trillion rupees in the two weeks to Feb. 12.

Source text: (https://bit.ly/3pWE1de)

($1 = 73.8850 Indian rupees)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 26 2021. 18:26 IST
RECOMMENDED FOR YOU
.