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Indian bank loans up 16.3 pct y/y in two weeks to Jan 11 - cbank

Source : REUTERS
Last Updated: Fri, Jan 25, 2013 12:14 hrs
Reserve Bank of India logo is pictured outside its head office in Mumbai

Indian bank loans rose 16.3 percent from a year earlier in the two weeks to Jan. 11, while deposits were up 13.3 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose 155.8 billion rupees ($2.9 billion) to 50.4 trillion rupees in the two weeks to Jan. 11.

Non-food credit rose 167.2 billion rupees to 49.4 trillion rupees, while food credit fell 11.4 billion rupees to 1.06 trillion rupees in the period.

Bank deposits rose 613.5 billion rupees to 65.4 trillion rupees in the two weeks to Jan. 11, the supplement showed.




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