Bloomberg News

India’s Bank Loans Rose 1.72 Trillion Rupees in Sept., RBI Says

October 14, 2011

Oct. 14 (Bloomberg) -- Indian banks’ loans rose by 1.72 trillion rupees ($35.1 billion) in September. The outstanding advances stood at 42.2 trillion rupees, according to central bank data.

Loans to industry and consumers rose 1.77 triillion rupees during the period, while food credit declined 42.8 billion rupees, the Reserve Bank of India said in an e-mailed statement today. Deposits increased 1.99 trillion rupees in September.

Credit rose 21.4 percent, or by 7.44 trillion rupees, in the 12 months through Sep. 30, according to the statement.

To contact the reporter on this story: Kartik Goyal in New Delhi at

To contact the editor responsible for this story: Hari Govind at

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