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Bank loans grew 10.8% on year to 9 Oct

Bank loans grew 10.8% on year to 9 Oct
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First Published: Fri, Oct 23 2009. 06 39 PM IST
Updated: Fri, Oct 23 2009. 06 39 PM IST
Mumbai: Indian bank loans rose 10.8% on year as of 9 October, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday.
Deposits were up 20.0% from a year earlier.
Outstanding loans rose by Rs171.61 billion ($3.7 billion) to Rs28.90 trillion in the two weeks to 9 October.
Non-food credit rose by Rs168.58 billion to Rs28.48 trillion in the two weeks, while food credit rose by Rs3.03 billion to Rs427.21 billion in the same period.
Bank deposits rose by Rs413.48 billion to Rs41.61 trillion in the two weeks to 9 October, the WSS showed.
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First Published: Fri, Oct 23 2009. 06 39 PM IST
More Topics: Bank | Loans | Deposits | India | Economy and Politics |