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Motilal Oswal Report
As per an Reserve Bank of India release, the weighted average lending rates on fresh loans has increased by 15 basis points month-on-month, with private banks seeing a 16 bps month-on-month increase versus 27 bps rise for public sector undertaking banks.
As a result, the WALR on outstanding loans rose sharply by 14 bps month-on-month to 9.13% for the banking universe. The increase is similar for private and PSU banks at 13 bps month-on-month.
Weighted Average Term Deposit Cost for the banking system has risen marginally (up 7 bps month-on-month) to 5.29%. This was led by 8 bps month-on-month increase for private banks compared to 6 bps month-on-month for PSU Banks.
While the one-year MCLR rate has increased by 60-95 bps for large banks over the past few months, the increase at 80-85 bp is higher for mid-size banks. Smaller banks had a smaller increase.
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