Table 2 : Median range of interest rates on advances (above Rs. 2 lakh) excluding export credit  for the quarter ended June 2010

(per cent  per  annum)

 Bank Group

Interest rate range excluding 5 % of business contracted at extreme rates

Interest rate range at which at least 60 % business contracted

Demand Loans

Term Loans

Demand Loans

Term Loans

Public Sector Banks

8.00 – 15.50

8.00 – 15.75

9.00 – 12.75

9.00 – 13.00

Foreign Banks

6.25 – 14.00

6.50 – 13.50

7.50 – 11.00

8.00 – 11.00

Private Sector Banks

8.63 – 17.50

8.25 – 17.88

10.00 – 14.00

10.00 – 14.00

Note :  i)   Data pertain to  80 banks, of which  27  are public sector banks,31 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.