Bank credit in India up Rs80,000 crore in last two weeks of December 2009
13 Jan 2010
Bank loans in India jumped nearly Rs80,000 crore (or 2.7 per cent) in the last two weeks of December 2009, rising to Rs3,020,807.58 crore as of 1 January 2010, data released by the Reserve Bank of India showed.
Total bank credit (excluding inter-bank credit) of scheduled commercial banks in the country rose to Rs3,020,807.58 crore as of 1 January 2010, up Rs79,514.51 from Rs2,941,293.07 crore as of 18 December 2009.
Total outstanding credit of scheduled commercial banks stood at Rs2,657,657.69 core as of 1 January 2009.
Food credit provided by scheduled commercial banks was marginally up at Rs46,359.26 crore as of 1 January 2010 from Rs45,037.17 crore as of 18 December 2009 and down Rs8,259 crore from Rs54618.43 as of 1 January 2009.
State co-operative banks provided food credit to the tune of Rs4,190.00 in the two weeks ended 1 January 2010, unchanged from the level as of 18 December 2009 and up Rs785 crore from Rs3,405.00 as of 1 January 2009.
Lending by all scheduled banks rose to Rs3,107,137.30 crore as of 1 January 2010 from Rs3,024,891.35 crore as of 18 December 2009. Credit by all scheduled banks in the country stood at Rs2,741,696.25 crore as of 1 January 2009.
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