140 bps increase since Benchmark Repo RatesThe weighted average lending rates on outstanding loans increased by 29 basis points, but the weighted average rates on outstanding deposits increased by only 19 bps, according to the latest data released. reserve Bank of India
The WALR on outstanding loans of Rs. Among domestic banks, during July 2022, the WALR on outstanding rupee loans of PSBs and PVBs increased by 5 bps and 10 bps, respectively.
The weighted average domestic term deposit rate (WADTDR) for outstanding rupee fixed deposits of SCBs increased by 9 bps to 5.22 per cent in July 2022 from 5.13 per cent in June 2022.
WADTDR of PSBs increased from 5.17 per cent in June 2022 to 5.27 per cent in July 2022, while for PVBs, it increased from 5.25 per cent in June 2022 to 5.30 per cent in July 2022.
one year average marginal cost of funds based lending rate (MCLR) increased from 7.55 per cent in July 2022 to 7.65 per cent in August 2022. For PSBs, the one-year average MCLR increased from 7.55 per cent in July 2022 to 7.65 per cent in August 2022. In PVB, it rose 3 bps to 8.53 per cent during the month.
On a month-on-month basis, the weighted average lending rate (WALR) on new rupee loans of SCBs increased by 24 basis points (bps- one bps 0.01 per cent) from 7.94 per cent in June 2022 to 8.18 per cent in July. 2022, as per the latest release by the Reserve
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Among domestic banks, WALR on fresh rupee loans of public sector banks (PSBs) increased by 14 bps to 7.46 per cent in July 2022, while that for private banks (PVBs) rose 15 bps to 9.05 per cent during the month.