Despite ongoing transmission of a 250 basis point repo rate increase since May 2022, some banks have reduced lending and deposit rates sequentially, as per central bank data. The weighted average lending rate for fresh rupee loans fell to 9.32% in June from 9.45% in May, while the weighted average domestic term deposit rate for fresh rupee deposits was 6.46% in June compared to 6.47% in May.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.