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RBI Report on Bank Loans

Published on February 15, 2020
Current context: The Reserve Bank of India's (RBI) weekly statistical supplement released on 14th Feb 2020, showed that Indian banks' loans rose 7.1% in the two weeks to 31st January 2020 from a year earlier.
RBI Report on Bank Loans
  • It also showed that the deposits increased to 9.9%.
  • In the fortnight to January 31, the outstanding loans rose Rs 989.26 billion ($13.86 billion) to Rs 101.03 trillion.
  • Non-food credit rose Rs 1.02 trillion to Rs 100.24 trillion
  • Food credit fell 32.02 billion rupees to Rs 788.99 billion
  • Bank deposits rose Rs 1.98 trillion to Rs 133.24 trillion.

Question: 

Q.1 The RBI weekly statistical supplement report released on 14th February 2020 showed that the Indian banks' loans rose _______ in the two weeks to 31st January 2020?
a. 6.9%
b. 7%
c. 7.1%
d. 7.9%
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