India’s loans grew by 16.2% year-on-year and deposits increased by 12.2%. Credit expansion continues, but total volume shows fluctuations.

⑴ Data from the Reserve Bank of India on Friday showed that in the two weeks ending May 15, bank loans increased by 16.2% year-on-year, while deposits rose by 12.2% year-on-year. ⑵ In the two weeks ending May 15, outstanding loans decreased by 238.07 billion rupees to 211.87 trillion rupees; non-food credit decreased by 359.41 billion rupees to 210.71 trillion rupees; and food credit increased by 121.33 billion rupees to 1.16 trillion rupees. ⑶ During the same period, bank deposits decreased by 1.8 trillion rupees to 256.89 trillion rupees.