Indian bank loans up 16.6 pct y/y in two weeks to Aug 9 - cbank
MUMBAI Aug 23 (Reuters) - Indian bank loans rose 16.6 percent from a year earlier in the two weeks to Aug. 9, while deposits were up 13 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.
Outstanding loans rose 1.04 trillion rupees ($16.25 billion) to 55.09 trillion rupees in the two weeks to Aug. 9.
Non-food credit rose 965.4 billion rupees to 54 trillion rupees, while food credit advanced 72.7 billion rupees to 1.08 trillion rupees.
Bank deposits rose 168.5 billion rupees to 71.04 trillion rupees in the two weeks to Aug. 9. ($1 = 64 rupees) (Reporting by Suvashree Dey Choudhury; Editing by Subhranshu Sahu)
- Insight: How U.S. spying cost Boeing multibillion-dollar jet contract
- Exclusive: Secret contract tied NSA and security industry pioneer |
- With Fed out of the way, what's next on Wall Street?
- Yemeni al Qaeda says attack on hospital was mistake
- Insight: For Chinese farmers, a rare welcome in Russia's Far East