22 Apr '11, 2pm

India bank loans up 22 pct on year as of April 8 Yahoo News: Read 'India bank loans up 22 pct on year as of Apri...

MUMBAI , April 22 (Reuters) - Indian bank loans rose 22 percent on the year as of April 8, the central bank's weekly statistical supplement (WSS) showed on Friday. Deposits were up 17.2 percent from a year earlier. Outstanding loans rose by 177.48 billion rupees to 39.56 trillion rupees in the two weeks to April 8. Non-food credit rose by 321.04 billion rupees to 39.06 trillion rupees and food credit fell by 143.56 billion rupees to 499.27 billion rupees in the period, the bank said. Bank deposits rose by 1.20 trillion rupees to 53.25 trillion rupees in the two weeks to April 8, the WSS showed. (Reporting by Ketan Bondre; Editing by John Stonestreet)

Full article: http://sg.news.yahoo.com/india-bank-loans-22-pct-april-8-...

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