Indian banks’ loans rose 5.3% y/y in two weeks to April 9: RBI

Banks’ loans rose 5.3% in the two weeks to April 9 from a year earlier, while deposits rose 10.9%, the Reserve Bank of India’s weekly statistical supplement showed. Outstanding loans fell by 603.33 billion rupees ($8.04 billion) to 108.89 trillion rupees in the two weeks to April 9. Non-food credit fell by 487.78 billion rupees to 108.39 trillion rupees, while food credit fell by 115.55 billion rupees to 496.99 billion rupees. Bank deposits rose by 1.01 trillion rupees to 152.15 trillion rupees in the two weeks to April 9.