On Advances above Rs.2 lakh other than Export Credit

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Table 2 : Median range of interest rates on advances (above Rs. 2 lakh) other than export credit for the quarter ended December 2008
(Per cent per annum)
	Interest rate range excluding 5 % of business contracted at extreme rate		Interest rate range at which at least 60 % business is contracted
	Demand Loans	Term Loans	Demand Loans	Term Loans
Public Sector Banks	9.00 – 16.25	9.00 – 16.25	10.63 – 14.00	10.00 – 13.75
Foreign Banks	9.50 – 15.85	8.75 – 15.25	12.00 – 14.50	10.65 – 12.50
Private Sector Banks	9.38 – 18.88	9.88 – 18.88	12.00 – 15.00	11.63 – 15.00
Note : i) Data pertain to 77 banks, of which 27 are public sector banks,28 are foreign banks and 22 are private sector banks. ii) The median interest rate range has been worked out by taking into account separately the median values of minimum and maximum lending rates charged by banks.