Indian bank loans up 17.3 pct y/y as on May 4 - RBI

Source : REUTERS
Last Updated: Fri, May 18, 2012 11:55 hrs
An employee counts Indian currency notes at a cash counter inside a bank in Mumbai

Indian bank loans rose 17.3 percent from a year earlier as of May 4, while deposits grew 13.9 percent, the Reserve Bank of India's weekly statistical supplement showed.

Outstanding loans rose 263.9 billion rupees ($4.85 billion) to 46.44 trillion rupees in the two weeks to May 4.

Non-food credit were also higher by 91.5 billion rupees to 45.45 trillion rupees and food credit rose 172.4 billion rupees to 988.9 billion rupees in the period.

Bank deposits rose 278.6 billion rupees to 60.6 trillion rupees in the two weeks to May 4, the supplement showed.

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