Home FEATURED NEWS Indian Banks’ Loans Rose 20.2% Y/y in Two Weeks to March 22

Indian Banks’ Loans Rose 20.2% Y/y in Two Weeks to March 22

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April 5 (Reuters) – Indian banks’ loans rose 20.2% within the two weeks to March 22 from a 12 months earlier, whereas deposits rose 13.5%, the Reserve Bank of India’s weekly statistical complement confirmed on Friday.

Outstanding loans rose 1.21 trillion rupees ($14.54 billion) to 164.35 trillion rupees within the two weeks to March 22.

Non-food credit score rose 1.30 trillion rupees to 164.12 trillion rupees, whereas meals credit score fell 86.23 billion rupees to 230.81 billion rupees.

Bank deposits rose 551.72 billion rupees to 204.75 trillion rupees within the two weeks to March 22.

Source textual content: (https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx)

($1 = 83.3062 Indian rupees)

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((India Headline News Team; +91 80 6749 1310))

Copyright 2024 Thomson Reuters.

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