Deposit & lending rates move marginally in November
the Reserve Bank of India showed.
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The weighted average lending rate (WALR) on fresh rupee loans of commercial banks stood at 9.40 percent as at end-November 2024, down from 9.54 percent in October 2024.
The WALR on outstanding rupee loans of commercial banks was 9.89 per cent at end-November 2024, from 9.90 percent in October 2024.
One-Year median Marginal Cost of fund-based Lending Rate (MCLR) of commercial banks remained unchanged at 9.00 per cent in December 2024.
The share of External Benchmark based Lending Rate (EBLR) linked loans in total outstanding floating rate rupee loans of commercial banks was 59.4 per cent at end-September 2024, up from 57.9 per cent at end-June 2024, while that of MCLR linked loans was 36.9 percent from 38.2 percent at end-June 2024
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