Bank loans increased 6.7% in two weeks to April 24, Says RBI

Bank loans increased 6.7% in two weeks to April 24, Says RBI Bank loans increased: In the two weeks to April 24, Indian banks’ loans increased 6.7 percent from a year ago, while deposits grew by 9.8 percent; the weekly statistical surcharge showed on May 8th by the Reserve Bank... The post Bank loans increased 6.7% in two weeks to April 24, Says RBI appeared first on stockinvestor.in.

Bank loans increased 6.7% in two weeks to April 24, Says RBI

Bank loans increased 6.7% in two weeks to April 24, Says RBI

Bank loans increased:

In the two weeks to April 24, Indian banks’ loans increased 6.7 percent from a year ago, while deposits grew by 9.8 percent; the weekly statistical surcharge showed on May 8th by the Reserve Bank of India. 

Outstanding loans decreased to 102.69 trillion rupees in 2 weeks to April 24, from 693.40 billion rupees (9.17 billion dollars). 

In addition, Non-food loans declined by 679.10 billion rupees to 102.17 trillion rupees, while food debt declining by 14.30 billion rupees to 526.43 billion rupees. 

In the two weeks to April 24, deposits of banks declined 39.32 billion rupees to 137.11 trillion rupees.

Stock Market on May 8th:

On the fifth day of the week, the  traded with the bullish trend. The Sensex traded with a gain of 199.32 points reached 31,642.70 level with 0.63% up. Whereas, Nifty traded with a gain of 52.45 points reached 9,251.50 level with 0.57% up.

In the border market, the S&P BSE Midcap traded with a gain of 4.13 points reached 11,423.81 with 0.036% up. Whereas, S&P BSE SmallCap traded with a loss of 48.05 points reached 10,638.70 with 0.45% down. At the same time, Nifty bank traded with a loss of 138.90 points reached 19,352.90 with 0.71% down.

Top Gainers: Hindustan Unilever, Sun Pharmaceutical Industries, Dr.Reddy’s Laboratories, Tech Mahindra, and Nestle India Limited.

Top Losers: NTPC, Mahindra & Mahindra, Axis Bank, Indusind Bank, and JSW Steel Limited.

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