Lending Rates
Average bank lending rate on fresh loans falls 4 bps on month to 9.37% Sept
This story was originally published at 19:41 IST on 31 October 2024
Register to read our real-time news.Informist, Thursday, Oct. 31, 2024
Please click here to read all liners published on this story
--RBI: Weighted avg rate on new bank loans 9.37% Sept, down 4 bps from Aug
--RBI: Weighted avg rate on new bank deposits 6.54% Sept, up 8 bps from Aug
MUMBAI – The weighted average lending rate on fresh rupee loans of scheduled commercial banks fell to 9.37% in September from 9.41% a month ago, the Reserve Bank of India said Thursday. The weighted average lending rates on fresh rupee loans of public sector banks fell 3 basis points from a month ago to 8.57%, while that of private sector banks rose 14 bps to 10.33%. The weighted average lending rate on fresh loans of foreign banks rose 6 bps on month to 9.41% in September.
The weighted average lending rate on outstanding rupee loans of scheduled commercial banks fell marginally to 9.90% in September from 9.91% in August. The one-year median marginal cost of fund-based lending rate of scheduled commercial banks was unchanged from a month ago at 8.95% in October, the RBI data showed.
The weighted average deposit rate on fresh rupee term deposits increased by 8 bps on month to 6.54% in September. The average rate on fresh rupee term deposits of public banks increased by 5 bps to 7.02% and private banks increased by 12 bps on month to 6.52% in September.
The weighted average rate on outstanding rupee term deposits rose 2 bps on month to 6.95% in September. End
Reported by Kshipra Petkar
Edited by Saji George Titus
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:
