Saturday, May 29, 2004

Indian bank's loans dip in two weeks to May 14

BOMBAY (Reuters) - Indian banks' loans fell by 6.83 billion rupees in the two weeks to May 14 to 8,643.97 billion rupees, the central bank's weekly statistical supplement released on Saturday showed.

Loans were up 18.4 percent year-on-year.

Non-food credit rose by 820 million rupees to 8,221.65 billion rupees, while food credit fell by 76.6 billion rupees to 422.32 billion rupees in the same period.

Banks' deposits fell by 65.64 billion rupees, or 0.4 percent, in the two weeks to May 14 to total 15,438.23 billion rupees. Deposits were up 17.0 percent year-on-year.

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