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Banks' loans up 11.3 pct y-o-y in two weeks to Nov 28 - cbank

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Reuters

(Reuters) - Indian banks' loans grew 11.3 percent in the two weeks to Nov. 28 from the same period a year earlier, while deposits rose 11.7 percent, the Reserve Bank of India's weekly statistical supplement showed.

Outstanding loans rose 314.5 billion rupees ($5.05 billion) to 62.84 trillion rupees in the two weeks to Nov. 28. Non-food credit rose 297.8 billion rupees to 61.77 trillion rupees, while food credit rose 16.7 billion rupees to 1.08 trillion rupees.

Bank deposits rose 634.2 billion rupees to 83.17 trillion rupees in the two weeks to Nov. 28.

($1 = 62.2900 rupees)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sunil Nair)

 

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First Published: Dec 12 2014 | 5:21 PM IST

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