Indian banks loans up 5.1% year-on-year in two weeks to January 6: RBI

Indian banks` loans rose 5.1% in the two weeks to January 6 from a year earlier, while deposits rose 14.7%, the Reserve Bank of India`s (RBI) weekly statistical supplement showed on Friday.

Outstanding loans rose Rs 65,360 crore ($9.58 billion) to Rs 7,413,000 crore in the two weeks to January 6.

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Non-food credit rose Rs 63,690 crore to Rs 73,06,999.99 crore, while food credit rose Rs 1,670 crore to Rs 1,07,000 crore.

Bank deposits rose Rs 67,930 crore to Rs 10,58,4000 crore in the two weeks to January 6.

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