Indian banks' loans rose 5.1% in two weeks to March 31: RBI

Indian banks' loans rose 5.1% in the two weeks to March 31 from a year earlier, while deposits rose 11.8%, the Reserve Bank of India`s (RBI) weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 3.16 trillion ($49.08 billion) to Rs 78.82 trillion in the two weeks to March 31.

ALSO READ: FM Jaitley, Urjit Patel brainstorms ways for faster resolution of NPAs 

Add Zee Business as a Preferred Source

Non-food credit rose Rs 3.18 trillion to Rs 78.28 trillion, while food credit fell Rs 19.30 billion to Rs 539.30 billion.

Bank deposits rose Rs 2.63 trillion to Rs 108.05 trillion in the two weeks to March 31.

ALSO READ: Public sector banks gross NPA hits 9.83% in FY16; rises to 11.82% by September 2016