Indian bank loans rose 23.7 per cent on year as of Dec. 17, the central bank's weekly statistical supplement (WSS) showed on Friday.
Deposits were up 14.7 per cent from a year earlier. Outstanding loans rose by 453.07 billion rupees to 36.40 trillion rupees in the two weeks to Dec. 17.
Non-food credit rose by 442.74 billion rupees to 35.77 trillion rupees and food credit rose by 10.33 billion rupees to 625.21 billion rupees in the period, the bank said.
Bank deposits fell by 381.17 billion rupees to 48 trillion rupees in the two weeks to Dec. 17, the WSS showed.
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