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Bank loans grew 14.1% on year to 28 Aug

Bank loans grew 14.1% on year to 28 Aug
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First Published: Fri, Sep 11 2009. 06 01 PM IST
Updated: Fri, Sep 11 2009. 06 01 PM IST
Mumbai: Indian bank loans rose 14.1% on year as of 28 August, the Reserve Bank of India’s weekly statistical supplement showed on Friday.
Deposits were up 20.5% from a year earlier.
Outstanding loans rose by Rs56.13 billion ($1.2 billion) to Rs28.08 trillion in the two weeks to 28 August.
Non-food credit rose by Rs53.71 billion to Rs27.58 trillion in the two weeks, while food credit rose by Rs2.41 billion to Rs491.11 billion in the same period.
Bank deposits rose by Rs216.16 billion to Rs40.82 trillion in the two weeks to 28 August, the WSS showed.
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First Published: Fri, Sep 11 2009. 06 01 PM IST
More Topics: Bank | Loans | RBI | Money Matters | Personal Finance |