May 25, 2024

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Indian banks’ loans rose 6.1% in two weeks to Dec 18, shows RBI data

Indian banks’ financial loans rose six.one% in the two weeks to Dec. eighteen from a year previously, when deposits rose 11.three%, the Reserve Lender of India’s weekly statistical nutritional supplement showed on Friday.

Exceptional financial loans rose 518.sixty one billion rupees ($7.09 billion) to one zero five.50 trillion rupees in the two weeks to Dec. eighteen.

Non-food stuff credit rose 546.21 billion rupees to 104.fifty six trillion rupees, when food stuff credit fell 27.sixty billion rupees to 931.fifty two billion rupees.

Lender deposits fell one.01 trillion rupees to a hundred and forty four.83 trillion rupees in the two weeks to Dec. eighteen.

($one = seventy three.1200 Indian rupees)

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