Banks' Loans Rose 15.5% From A Year Ago In The Two Weeks To August 26

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Indian banks' loans rose 15.5% year-over-year in two weeks to August 26

Indian banks' loans rose 15.5 per cent in the two weeks to August 26 from a year earlier, while deposits rose 9.5 per cent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 321.58 billion ($4.04 billion) to Rs 124.58 trillion in the two weeks to August 26.

Non-food credit rose Rs 364.95 billion to Rs 124.30 trillion, while food credit fell Rs 43.36 billion to Rs 277.61 billion.

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Bank deposits rose Rs 455.09 billion to Rs 169.94 trillion during the same period.

($1 = 79.5520 Indian rupees)

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