Investing

Indian banks’ loans rose 10.4% in two weeks to 30 September: RBI

Outstanding loans rose Rs2.11 trillion ($31.56 billion) to Rs75.21 trillion in the two weeks to 30 September. Photo:Pradeep Gaur/MintOutstanding loans rose Rs2.11 trillion ($31.56 billion) to Rs75.21 trillion in the two weeks to 30 September. Photo:Pradeep Gaur/Mint

Indian banks’ loans rose 10.4% in the two weeks to 30 September from a year earlier, while deposits rose 11.3%, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

Outstanding loans rose Rs2.11 trillion ($31.56 billion) to Rs75.21 trillion in the two weeks to 30 September. Non-food credit rose Rs2.21 trillion to Rs74.35 trillion, while food credit fell Rs10,530 crore to Rs85,460 crore.

Bank deposits rose Rs3.52 trillion to Rs101.43 trillion in the two weeks to 30 September.

[“Source-Livemint”]

About the author

sristy

Powered by themekiller.com anime4online.com animextoon.com