Bank Loans Rose Over 11% in 2 Weeks to January 22: RBI

Indian banks' loans rose 11.4 per cent in the two weeks to January 22 from a year earlier, while deposits rose 11.1 per cent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose by Rs 9,490 crore ($1.40 billion) to Rs 70.90 lakh crore in the two weeks to January 22. Non-food credit rose by Rs 7,410 crore to Rs 69.88 lakh crore, while food credit rose by Rs 2,090 crore to Rs 1.02 lakh crore.

Bank deposits fell by Rs 7,830 crore to Rs 92.70 lakh crore in the two weeks to January 22.

($1 = 67.67)