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.
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