The Reserve Bank of India (RBI) on December 31, 2024, issued the notification regarding the Lending and Deposit Rates of Scheduled Commercial Banks on December 2024.
The following has been stated namely: -
• The weighted average lending rate (WALR) on fresh rupee loans of SCBs decreased to 9.40% in November 2024 from 9.54% in October.
• The 1-year median MCLR remained unchanged at 9.00% in December 2024.
• The share of EBLR-linked loans rose to 59.4% at end-September 2024.
• The weighted average domestic term deposit rate (WADTDR) on fresh deposits increased to 6.46% in November 2024.
• Overall, lending rates showed a slight decline, while deposit rates saw a marginal increase.
[Notification No. 2024-2025/1828]
