The Reserve Bank of India, (RBI) on April 28, 2023, issued a Press Release regarding the Lending and Deposit Rates of Scheduled Commercial Banks (excluding regional rural banks and small finance banks) for the month of April 2023
The following has been stated namely: -
• Lending Rates:
(i) The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 8 basis points (bps) from 9.24 percent in February 2023 to 9.32 percent in March 2023.
(ii) The WALR on outstanding rupee loans of SCBs increased by 5 bps from 9.67 percent in February 2023 to 9.72 percent in March 2023.
(ii) 1-Year Median Marginal Cost of Fund-based Lending Rate (MCLR) of SCBs increased from 8.55 percent in March 2023 to 8.60 percent in April 2023.
• Deposit Rates:
(i) The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs increased by 23 bps from 6.25 percent in February 2023 to 6.48 percent in March 2023.
(ii) The weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits of SCBs increased by 14 bps from 6.02 percent in February 2023 to 6.16 percent in March 2023.
• A detailed list of the Lending and Deposit Rates of Scheduled Commercial Banks has been attached.
[Press Release: 2023-2024/146]
