Private banks drop lending rates to beat market competition

The weighted average lending rate (WALR) of private banks saw a decline of 15 basis points in August after the average rates had seen a rise of 18 basis points in June. For the same August period, public sector banks increased WALR by 5 basis points. The WALR on fresh loans was flat sequentially in August 2024, RBI data showed.
Read The Rest at :