On Advances above Rs.2 lakh other than Export Credit - RBI - Reserve Bank of India
Table 2 : Median Range of Interest Rates on Advances (above Rs. 2 lakhs) other than Export Credit For the Quarter Ended June 2004. |
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Interest Rate Range excluding 5% of business contracted at Extreme Rate |
Interest Rate Range at which at least 60% of the business has been contracted |
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Demand Loan |
Term Loan |
Demand Loan |
Term Loan |
|
Public Sector Banks |
8-14.25 |
7.5-14.5 |
10.5-12.5 |
10.75-12.75 |
Foreign Banks |
5.705-15 |
7-14.5 |
6.5-11.5 |
7.25-10.95 |
Private Sector Banks |
10-15.625 |
8.5-16 |
11.5-13.75 |
11-14 |
Note : Data pertains to 86 banks , of which 27 are public sector banks, 30 are private sector banks and 29 are foreign banks. |
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