Indian banks' loans rose 5.7% y/y in two weeks to April 23, says central bank

Indian banks' loans rose 5.7% in the two weeks to April 23 from a year earlier, while deposits climbed 10.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Outstanding loans fell by 280.39 billion rupees ($386.57 million) to 108.6 trillion rupees in the same period.

Non-food credit fell by 366.74 billion rupees to 108.02 trillion rupees, while food credit rose by 86.36 billion rupees to 583.35 billion rupees.

Bank deposits fell by 771.27 billion rupees to 151.34 trillion rupees.