Nov 4 (Reuters) – Indian banks’ loans rose 17.9% in the two weeks to Oct. 21 from a year earlier, while deposits rose 9.5%, the Reserve Bank of India’s weekly statistical supplement showed on Friday.
Outstanding loans rose 290.86 billion rupees ($3.54 billion) to 128.89 trillion rupees in the two weeks to Oct. 21.
Non-food credit rose 240.65 billion rupees to 128.63 trillion rupees, while food credit rose 50.21 billion rupees to 256.55 billion rupees.
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Bank deposits fell 601.16 billion rupees to 172.04 trillion rupees in the two weeks to Oct. 21.
Source text: (https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx)
($1 = 82.2730 Indian rupees)
((India Headline News Team; +91 80 6749 1310))
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