Indian banks’ loans rose 8.2% y/y in two weeks to Jan 28 – central bank

Feb 11 (Reuters) – Indian banks’ loans rose 8.2% in the two weeks to Jan. 28 from a year earlier, while deposits rose 8.3%, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

Outstanding loans rose 855.65 billion rupees ($11.37 billion) to 115.82 trillion rupees in the two weeks to Jan. 28.

Non-food credit rose 888.56 billion rupees to 115.00 trillion rupees, while food credit fell 32.91 billion rupees to 823.90 billion rupees.

Bank deposits rose 499.26 billion rupees to 160.33 trillion rupees in the two weeks to Jan. 28.

($1 = 75.2630 Indian rupees)

((India Headline News Team; +91 80 6749 1310))

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