Reserve Bank of India – Press Releases

Data on lending and deposit charges of scheduled industrial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of September 2022.

Highlights

Lending Rates:

• The weighted common lending price (WALR) on recent rupee loans of SCBs elevated by 15 foundation factors (bps) from 8.18 per cent in July 2022 to eight.33 per cent in August 2022.

• The WALR on excellent rupee loans of SCBs elevated by 14 bps from 8.99 per cent to 9.13 per cent in August 2022.

• 1-Year median Marginal Cost of Fund primarily based Lending Rate (MCLR) of SCBs elevated from 7.65 per cent in August 2022 to 7.75 per cent in September 2022.

• The share of External Benchmark primarily based Lending Rate (EBLR) linked loans in complete excellent floating price rupee loans of SCBs was 46.9 per cent at end-June 2022 whereas that of MCLR linked loans was 46.5 per cent.

Deposit Rates:

• The weighted common home time period deposit price (WADTDR) on excellent rupee time period deposits of SCBs elevated by 7 bps from 5.22 per cent in July 2022 to five.29 per cent in August 2022.

Rupambara           
Director (Communications)

Press Release: 2022-2023/976