Indian banks’ loans rose 15.5 per cent in the two weeks to August 26 from a year earlier, while deposits rose 9.5 per cent, the Reserve Bank of India’s weekly statistical supplement showed on Friday.
Outstanding loans rose Rs 321.58 billion ($4.04 billion) to Rs 124.58 trillion in the two weeks to August 26.
Non-food credit rose Rs 364.95 billion to Rs 124.30 trillion, while food credit fell Rs 43.36 billion to Rs 277.61 billion.
Bank deposits rose Rs 455.09 billion to Rs 169.94 trillion during the same period.
($1 = 79.5520 Indian rupees)