The Reserve Bank of India (RBI) on November 30, 2022, issued a notification on lending and deposit rates of scheduled commercial banks – November 2022. The following revised rates are introduced:
- Weighted average lending rate (WALR) on new rupee loans of SCBs increased by 09 basis points (bps) from 8.59 percent in September 2022 to 8.68 percent in October 2022.
- WALR on outstanding rupee loans of SCBs increased by 13 bps from 9.22 percent in September 2022 to 9.35 percent in October 2022.
- 1-Year median Marginal Cost of Fund based Lending Rate (MCLR) of SCBs increased from 7.90 percent in October 2022 to 8.05 percent in November 2022.
- Weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits of SCBs increased by 10 bps from 5.39 percent in September 2022 to 5.49 percent in October 2022.