Indian banks' loans rose 20.2% y/y in two weeks to March 22
Indian banks' loans rose 20.2% in the two weeks to March 22 from a year earlier, while deposits rose 13.5%, the Reserve Bank of India's weekly statistical supplement showed on Friday. Outstanding loans rose 1.21 trillion rupees ($14.54 billion) to 164.35 trillion rupees in the two weeks to March 22. Non-food credit rose 1.30 trillion rupees to 164.12 trillion rupees, while food credit fell 86.23 billion rupees to 230.81 billion rupees.