The Reserve Bank of India (RBI) in its latest weekly statistical supplement report showed that Indian banks' loans rose 10.4 percent in two weeks to September 30 from a year earlier, deposits rose 11.3 percent. Also, outstanding loans rose Rs 2.11 trillion ($31.56 billion) to 75.21 trillion rupees in the two weeks to September 30 from Rs 73.09 trillion as on September 16.
As per the data, non-food credit rose Rs 2.21 trillion to Rs 74.35 trillion from 72.14 trillion rupees, while food credit fell Rs 105.30 billion to Rs 854.60 billion from Rs 959.90 billion rupees. Bank deposits rose Rs 3.52 trillion to Rs 101.43 trillion in the two weeks to September 30 from Rs 97.91 trillion as on September 16.
As far as the foreign exchange reserves are concerned it stood at $367.647 billion at end of October 7. India's foreign currency assets, which are 93 percent of forex reserves, fell $4.317 billion to $342.394 billion reflecting the sharp fall in valuation of the forex held in pound sterling.