Bank loans up 16.9 pc YoY in two weeks to Nov 16: RBI

MUMBAI: Bank loans rose 16.9 percent from a year earlier in two weeks to Nov. 16, while deposits were up 13.4 percent, the Reserve Bank of India's weekly statistical supplement showed.

Outstanding loans rose 347.7 billion rupees ($6.39 billion) to 48.95 trillion rupees in the two weeks to Nov. 16.

Non-food credit rose 305.3 billion rupees to 47.86 trillion rupees while food credit rose 42.5 billion rupees to 1.08 trillion rupees in the period.

Bank deposits fell 257.9 billion rupees to 64.10 trillion rupees in the two weeks to Nov. 16, the supplement showed.