RBI notifies lending and deposit rates of Scheduled Commercial Banks for the month of October
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- Last Updated on 2 November, 2022
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Press Release: 2022-2023/1119, Dated 31.10.2022
RBI has notified the lending and deposit rates of scheduled commercial banks (SCBs) for the month of October 2022. The Weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 26 basis points (bps) from 8.33% to 8.59%. The WALR on outstanding rupee loans increased by 10 bps, from 9.13% to 9.23%.
The Marginal Cost of fund-based lending rate (MCLR) of SCBs increased from 7.75% to 7.90% in October 2022. Further, the weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits of SCBs increased by 9 bps from 5.29% to 5.38 %.
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