Mumbai: Bank loans rose 27% year-on-year in the two weeks to 21 November, the central bank’s weekly statistical supplement showed.
Deposits were up 20.5% from a year earlier. Outstanding loans fell Rs21.93 billion to Rs26.3 trillion in the two weeks to 21 November. Non-food credit fell by Rs90 million to Rs25.8 trillion in the two weeks, while food credit fell by Rs21.83 billion to Rs493.91 billion in the same period.
Banks’ deposits rose by Rs26.16 billion to Rs35.2 trillion in the two weeks to 21 November.