(in percent)

As on March

State Bank of India

Nationalised

Foreign

Occupation                                

and its Associates 

Banks

Banks

2002

2003

2002

2003

2002

2003

(1)

(2)

(3)

(4)

(5)

(6)

Weighted Average Lending Rate

I. Agriculture

13.52

13.12

13.81

13.2

13.55

12.66

1. Direct Finance

13.7

13.09

14.37

13.53

15.23

12.68

2. Indirect Finance

13.39

13.16

13.46

12.91

13.39

12.48

II. Industry

13.13

12.6

14.07

13.73

13.99

14.74

1. Mining & Quarrying

10.77

9.54

13.85

13.56

13.6

15.59

2. Manufacturing & Processing

13.48

13.05

14.2

13.87

13.9

14.71

3. Electricity, Gas & Water

12.79

12.57

13.58

12.98

14.94

15.47

4. Construction

13.6

12.56

13.28

13.4

14.98

14.47

III. Transport Operators

13.74

13.46

13.11

13.3

13.37

12.83

IV. Professional And Other Services

13.65

13.06

14.44

13.66

14.76

14.64

V. Personal Loans

12.35

11.85

12.66

12.24

15.06

14.78

1. Loans for Purchase of Consumer Durables

13.88

13.92

14.51

14.4

16.55

19

2. Loans for Housing

11.69

11.13

11.83

11.4

13.82

13.73

3. Rest of the Personal Loans

13.95

13.93

14.05

13.75

15.9

15.97

VI. Trade

12.19

11.62

12.86

12.56

14.36

14.47

1. Wholesale Trade

11.96

11.39

12.51

12.13

14.59

14.64

2. Retail Trade

13.92

13.2

14.68

14.16

14.05

14.33

VII. Finance

11.96

12.74

12.32

12.49

13.9

14.17

VIII. All Others

13.62

12.96

13.89

13.6

17.55

16.68

Total Bank Credit

12.92

12.44

13.53

13.2

14.33

14.68

OF WHICH:     1. Artisans & Village Industries

13.77

12.76

15.16

14.57

19.56

19.55

2. Other Small Scale Industries

13.57

13.01

14.84

14.06

13.14

12.84

Weighted Average Deposit Rate

Of Term Deposits

9.63

8.62

9.6

8.66

7.53

6.67

Note

1. The lending rates are based on the accounts with credit limit of over 2 lakhs.

2. The lending rates are exclusive of inland & Foreign Bills purchased and discounted.

3. Amount of Outstanding Credits are used as weights for calculating average lending rates.

4. The data on average deposit rate are based on 56281 reporting branches out of 65457 total branches.

5. For Computation of Deposit Rate Mid-points of the interest rate range were taken as values and total deposit amount in 

    the range as weights

TABLE 11.5 : BANK GROUP-WISE AND OCCUPATION-WISE WEIGHTED AVERAGE

LENDING RATE AND DEPOSIT RATE : 2002 AND 2003

(in per cent)

As on March

Regional Rural

Other Scheduled

All Scheduled

Occupation                                

Banks

Commercial Banks

Commercial Banks

2002

2003

2002

2003

2002

2003

(7)

(8)

(9)

(10)

(11)

(12)

Weighted Average Lending Rate

I. Agriculture

15.51

14.75

14.74

14.26

13.87

13.33

1. Direct Finance

15.53

14.78

15.55

14.3

14.38

13.56

2. Indirect Finance

15.33

14.37

14.06

14.19

13.5

13.09

II. Industry

15.38

14.51

14.59

14.17

13.98

13.68

1. Mining & Quarrying

15.97

15.16

13.9

13.04

12.16

11.4

2. Manufacturing & Processing

15.68

14.97

14.64

14.23

14.13

13.87

3. Electricity, Gas & Water

16.38

14.85

14.05

14.01

13.58

13.26

4. Construction

14.67

13.65

14.99

14.18

13.88

13.54

III. Transport Operators

15.73

14.85

14.72

14.12

13.7

13.58

IV. Professional And Other Services

15.68

14.84

15.24

14.06

14.73

13.89

V. Personal Loans

12.3

12.22

14.26

13.67

13.17

12.66

1. Loans for Purchase of Consumer Durables

16.06

15.26

15.69

15.78

14.53

14.34

2. Loans for Housing

11.38

11.42

13.23

11.62

12.13

11.6

3. Rest of the Personal Loans

15.1

14.42

15.17

14.91

14.69

14.42

VI. Trade

15.82

14.78

14.61

13.92

12.87

12.52

1. Wholesale Trade

15.99

14.92

13.88

13.46

12.46

12.04

2. Retail Trade

15.76

14.74

15.71

14.37

14.76

14.09

VII. Finance

13.77

13.18

13.77

13.5

12.74

12.89

VIII. All Others

15.14

14.39

14.11

13.95

13.9

13.58

Total Bank Credit

14.88

14.21

14.57

14.05

13.66

13.31

OF WHICH:     1. Artisans & Village Industries

15.68

14.94

15.2

14.77

14.03

13.32

2. Other Small Scale Industries

15.67

15.04

15.02

14.08

14.54

13.82

Weighted Average Deposit Rate

Of Term Deposits

10.79

9.89

9.8

8.85

9.61

8.68

Note

1. The lending rates are based on the accounts with credit limit of over 2 lakhs.

2. The lending rates are exclusive of inland & Foreign Bills purchased and discounted.

3. Amount of Outstanding Credits are used as weights for calculating average lending rates.

4. The data on average deposit rate are based on 56281 reporting branches out of 65457 total branches.

5. For Computation of Deposit Rate Mid-points of the interest rate range were taken as values and total
deposit amount in the range as weights