The Reserve Bank of India’s weekly statistical supplement on Friday showed that Indian bank loans rose by 15.5 percent in the two weeks to August 26 compared to the previous year, while deposits rose by 9.5 percent.
Outstanding loans rose 321.58 billion rupees ($4.04 billion) to 124.58 trillion rupees in the two weeks to August 26.
Non-food credit increased by 364.95 billion rupees to 124.30 trillion rupees, while food credit decreased by 43.36 billion rupees to 277.61 billion rupees.
Bank deposits rose 455.09 billion rupees to 169.94 trillion rupees during the same period.
(dollar = 79.5520 Indian rupees)