Indian banks' loans rose 12.9 percent in the two weeks to August 17 from a year earlier, while deposits rose 8.3 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.
Outstanding loans fell Rs 36.00 billion ($507.33 million) to Rs 86.75 trillion in the two weeks to August 17. Non-food credit fell Rs 85.30 billion to Rs 86.21 trillion, while food credit rose Rs 49.30 billion to Rs 541.60 billion.
An average outstanding balance is the unpaid, interest-bearing balance of a loan or loan portfolio averaged over a period of time, usually one month. The average outstanding balance refers to any term, instalment, revolving or credit card debt on which interest is charged. (Investopedia)
Bank deposits fell Rs 719.00 billion to Rs 115.11 trillion in the two weeks to August 17.
