(Repeats to widen distribution with no changes to text) ** Shares of India’s biggest private-sector lender rise as much as 3.36% to 1,110 rupees
** Stock biggest percentage gainer on the blue-chip NSE Nifty index in early trading
** Bank reports here 21% growth in loans to 100.45 bln rupees ($1.35 bln) as of June 30
** Deposits as of June 30 also surge 25% to 118.95 bln rupees
** Bank’s credit delivery mechanism helped it report strong numbers despite a tough environment driven by the COVID-19 pandemic, Macquarie analysts say in a note
** Repayments and pre-payments during this period could have been low, which may have resulted in higher outstanding loan growth numbers - Macquarie
** Stock has fallen over 15% so far this year, as of last close ($1 = 74.6340 Indian rupees) (Reporting by Derek Francis in Bengaluru)
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