Brazil bank lending rises 1.2 pct in March

BRASILIA, April 24 (Reuters) - Growth in outstanding loans in Brazil's banking system rose 1.2 percent in March from the previous month, the central bank said in a report on Friday.

The 90-day default ratio, the most widely followed gauge of loan delinquencies, came to 4.4 percent last month, unchanged from February, the bank said.

(Reporting by Marcela Ayres; Editing by Chizu Nomiyama)