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Indian banks’ loans rose 11% y/y in 2 weeks to Dec 11: RBI

Outstanding loans rose 981.80 billion rupees (USD 14.87 billion) to 69.66 trillion rupees in the two weeks to Dec. 11. Non-food credit rose 977.20 billion rupees to 68.57 trillion rupees, while food credit rose 4.60 billion rupees to 1.09 trillion rupees.

Indian banks’ loans rose 11 percent in the two weeks to December 11 from a year earlier, while deposits rose 11.5 percent, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

Outstanding loans rose 981.80 billion rupees (USD 14.87 billion) to 69.66 trillion rupees in the two weeks to December 11. Non-food credit rose 977.20 billion rupees to 68.57 trillion rupees, while food credit rose 4.60 billion rupees to 1.09 trillion rupees.

Bank deposits rose 602.00 billion rupees to 91.85 trillion rupees in the two weeks to December 11.

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