Indian banks' loans rose 19.5% y/y in two weeks to May 17 - central bank

Reuters
·1-min read
FILE PHOTO: A woman walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai

May 31 (Reuters) - Indian banks' loans rose 19.5% in the two weeks to May 17 from a year earlier, while deposits rose 13.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans fell 232.07 billion rupees ($2.78 billion) to 166.09 trillion rupees in the two weeks to May 17.

Non-food credit fell 267.01 billion rupees to 165.67 trillion rupees, while food credit rose 34.94 billion rupees to 412.73 billion rupees.

Bank deposits fell 1.24 trillion rupees to 208.14 trillion rupees in the two weeks to May 17.

Source text: (https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx)

($1 = 83.4080 Indian rupees)

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

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