Banks’ loans inflate over 7 percent in two weeks to January 31: RBI report

Indian lenders’ loans inflated to 7.1 percent in the two weeks to January 31 from a year earlier, while deposits rose by 9.9 percent, said the Reserve Bank of India’s (RBI) weekly statistical supplement on Friday.

RBI

Outstanding loans increased to Rs 989.26 billion ($13.86 billion) to Rs 101.03 trillion in the fortnight to January 31.

Non-food credit inflated to Rs 1.02 trillion to Rs 100.24 trillion, while food credit dropped by 32.02 billion rupees to Rs 788.99 billion.

Bank deposits increased to Rs 1.98 trillion rupees to Rs 133.24 trillion.

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