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Indian Banks’ Loans Rose 11.1% In Two Weeks To April 22: RBI

Indian Banks' Loans Rose 11.1% In Two Weeks To April 22: RBI

Outstanding loans fell Rs 11,233 crore ($1.46 billion) to Rs 11,955 crore in the two weeks to April 22.

Indian banks’ loans rose 11.1% in the two weeks to April 22 from a year earlier, while deposits rose 9.8%, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

Outstanding loans fell Rs 11,233 crore ($1.46 billion) to Rs 11,955 crore in the two weeks to April 22.

Non-food credit fell Rs 13,950 crore to Rs 11,912 crore, while food credit rose Rs 2,718 crore to Rs 42,552 crore.

Bank deposits fell Rs 1.17 lakh crore to Rs 166.24 lakh crore in the two weeks to April 22.


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