Mumbai: Indian bank loans rose 20.2% on year as of 12 August, the Reserve Bnk of India’s (RBI) weekly statistical supplement (WSS) showed on Friday.
Deposits were up 18.4% from a year earlier.
Outstanding loans rose by Rs43,091 crore to Rs40.48 trillion in the two weeks to 12 August.
Non-food credit rose by Rs41,095 crore to Rs39.76 trillion and food credit rose by Rs1,996 crore to Rs72,448 crore in the period, the bank said.
Bank deposits rose Rs10,318 crore to Rs54.91 trillion in the two weeks period, the WSS showed.