As per the RBI’s Weekly Statistical Supplement, Bank loans rose 17 percent on year as of April 9. Deposits were up 16 percent from a year earlier. Outstanding loans rose by 8.26 billion rupees ($186 million) to 32.41 trillion rupees in the two weeks to April 9. Non-food credit rose by 11.67 billion rupees to 31.93 trillion rupees and food credit fell by 3.41 billion rupees to 481.49 billion rupees.
Bank deposits rose by 435.01 billion rupees to 45.30 trillion rupees in the two weeks to April 9, the WSS showed.
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