RBI February rate cut sees mixed transmission: Deposit rates fall while lending rates stay high
In February, the Reserve Bank of Indias rate cut led to banks lowering new deposit rates but not immediately reducing new ...
Weighted average lending rate on fresh rupee loans of SCBs stood at 9.40% in Feb-25 compared 9.32% in Jan-25
The Reserve Bank of India (RBI) stated today that the weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.40 per cent in February 2025 (9.32 per cent in January 2025). The ...
Finally, bank deposit rates are about to come down
Banks are expected to lower deposit rates starting April to maintain margins, following a probable repo rate cut. Despite a ...