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In the last 2 weeks up to 3rd April, 11.47% increase in the loans given by the banks!
Posted on: 18/Apr/2015 2:38:12 PM
The amount of loans extended by the banks during the period of 2 weeks up to 3rd April has increased by 11.47% to Rs. 68.30 Lakh Crores. This figure for the last year during the same time was Rs. 60.64 Lakh Crores..
As per the statistics given by Reserve Bank of India, the loans extended during the last 2 weeks prior to 20th March had increased by 9.51% to Rs. 65.64 Lakh Crores.
Collection of deposits
Deposits collected by the banks during this period increased by 12.63% to Rs. 89.11 Lakh Crores.
Similarly, the collection of deposits by the banks for the 2 weeks prior to 20th March increased by 11.42% to Rs. 85.86 Crores.
It has been rated that the growth of loans & deposits in the last financial year would be 8-9% & 9-10% respectively. For the quarter up to December, growth of loans has reduced from 14.2% to 10.1%. However, the collection of deposit has increased by 10.9%. The comparative growth figure last year was 15.4%.
Food-loans
The loans extended by banks to companies and other private individuals is called ‘non-food’ related loan.
The loans extended by the banks to Indian Food Corporation for procurement of rice, wheat, etc are called as ‘food-related’ loans.
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