Indian banks' loans rose 17.2% y/y in two weeks to Nov 18 - central bank

Indian banks' loans rose 17.2% in the two weeks to Nov. 18 from a year earlier, while deposits rose 9.6%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose 215.02 billion rupees ($2.64 billion) to 129.48 trillion rupees in the two weeks to Nov. 18.

Non-food credit rose 76.41 billion rupees to 128.95 trillion rupees, while food credit rose 138.61 billion rupees to 522.40 billion rupees.

Bank deposits fell 714.66 billion rupees to 172.95 trillion rupees in the two weeks to Nov. 18.

Source text: (https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx)

($1 = 81.3250 Indian rupees)

((India Headline News Team; [phone]))