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 August 2022 are set out in Tables 1 to five.

Highlights:

Lending Rates:

• On month-on-month foundation, the weighted common lending price (WALR) on contemporary rupee loans of SCBs elevated by 24 foundation factors (bps) from 7.94 per cent in June 2022 to eight.18 per cent in July 2022.

• Amongst home banks, WALR on contemporary rupee loans of public sector banks (PSBs) elevated by 14 bps to 7.46 per cent in July 2022, whereas for personal banks (PVBs), it elevated by 15 bps to 9.05 per cent throughout the month.

• WALR on excellent rupee loans of SCBs elevated by 8 bps from 8.93 to 9.01 per cent in July 2022. Among home banks, WALR on excellent rupee loans of PSBs and PVBs elevated by 5 bps and 10 bps, respectively, throughout July 2022.

• 1-Year median Marginal Cost of Fund based mostly Lending Rate (MCLR) of SCBs elevated by 10 bps from 7.55 per cent in July 2022 to 7.65 per cent in August 2022.

• For PSBs, 1-Year median MCLR elevated from 7.55 per cent in July 2022 to 7.65 per cent in August 2022. In case of PVBs, it elevated by 3 bps to eight.53 per cent throughout the month.

Deposit Rates:

• The weighted common home time period deposit price (WADTDR) for excellent rupee time period deposits of SCBs elevated by 9 bps from 5.13 per cent in June 2022 to five.22 per cent in July 2022.

• The WADTDR of PSBs rose by 10 bps from 5.17 per cent in June 2022 to five.27 per cent in July 2022, whereas for PVBs, it rose by 5 bps from 5.25 per cent in June 2022 to five.30 per cent in July 2022.

Rupambara           
Director (Communications)

Press Release: 2022-2023/794