Indian banks' loans rose 10.4 percent in two weeks to September 30: RBI

Outstanding loans rose 2.11 trillion rupees ($31.56 billion) to 75.21 trillion rupees in the two weeks to September 30.
A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai, India, August 9, 2016. | Reuters
A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai, India, August 9, 2016. | Reuters

Indian banks' loans rose 10.4 percent in the two weeks to September 30 from a year earlier, while deposits rose 11.3 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose 2.11 trillion rupees ($31.56 billion) to 75.21 trillion rupees in the two weeks to Sept. 30. Non-food credit rose 2.21 trillion rupees to 74.35 trillion rupees, while food credit fell 105.30 billion rupees to 854.60 billion rupees.

Bank deposits rose 3.52 trillion rupees to 101.43 trillion rupees in the two weeks to Sept. 30.

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