Friday, April 22, 2011

India bank loans up 22 pc on year as of April 8


MUMBAI: Indian bank loans rose 22 percent on the year as of April 8, the central bank's
weekly statistical supplement (WSS) showed on Friday.

Deposits were up
17.2 percent from a year earlier. Outstanding loans rose by 177.48 billion
rupees to 39.56 trillion rupees in the two weeks to April 8.

Non-food
credit rose by 321.04 billion rupees to 39.06 trillion rupees and food credit
fell by 143.56 billion rupees to 499.27 billion rupees in the period, the bank
said.

Bank deposits rose by 1.20 trillion rupees to 53.25 trillion
rupees in the two weeks to April 8, the WSS showed
 
 
BY ANIMA SINHA
PGDM -2 sem

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