RBI data shows weighted avg lending rate on new bank loans up 1 bp in Aug
This story was originally published at 19:40 IST on 30 September 2024
Register to read our real-time news.Informist, Monday, Sept. 30, 2024
Please click here to read all liners published on this story
--RBI: Weighted avg rate on new bk loans 9.41% Aug, up 1 bp from Jul
MUMBAI – The weighted average lending rate on new bank loans rose 1 basis point to 9.41% in August from 9.40% in July, according to data released on Monday by the Reserve Bank of India. The weighted average lending rate on outstanding rupee loans in August remained unchanged at 9.91%, the data showed.
Data also showed that the 1-year median marginal cost of fund-based lending rate of scheduled commercial banks rose 5 basis points to 8.95% in September from 8.90% in the previous month. The central bank data showed the share of loans linked to external benchmark-based lending rates rose to 57.5% of the total outstanding floating rate rupee loans at the end of June from 56.6% at the end of March.
The weighted average domestic term deposit rate on fresh rupee term deposits fell 2 bps on month to 6.46% in August, while the weighted average term deposit rate on outstanding rupee deposits rose 1 bp to 6.93%.
End
Reported by Sourabh Kumar
Edited by
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2024. All rights reserved.
To read more please subscribe
Share this Story:
