The Reserve Bank of India (RBI) on December 29, 2023, issued the Lending and Deposit Rates of Scheduled Commercial Banks – December 2023.
The following highlights have been stated:
• The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.34 per cent in November 2023 (9.50 per cent in October 2023).
• The WALR on outstanding rupee loans of SCBs was at 9.80 per cent in November 2023 (9.84 per cent in October 2023).
• The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs moved to 6.34 per cent in November 2023 from 6.31 per cent in October 2023.
• The weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits of SCBs stood at 6.78 per cent in November 2023 (6.75 per cent in October 2023).
[Press Release: 2023-2024/1579]
