2024-05-03 05:13:54 pm | Source: Reuters
Indian banks` loans rose 19% year-on-year in two weeks to April 19 - central bank
Indian banks' loans rose 19% in the two weeks to April 19 from a year earlier, while deposits rose 13.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday.
Outstanding loans fell 987.58 billion rupees ($11.84 billion) to 164.94 trillion rupees in the two weeks to April 19.
Non-food credit fell 956.39 billion rupees to 164.76 trillion rupees, while food credit fell 31.18 billion rupees to 180.90 billion rupees.
Bank deposits fell 2.51 trillion rupees to 207.49 trillion rupees in the two weeks to April 19.
Source text: (https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx)
($1 = 83.4381 Indian rupees)
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