Public sector banks almost fully transmit May hike to new borrowers - Economic Times

Data indicates that weighted average lending rates on fresh loans was up bps for 37 bps for public sector banks to 7.14 percent and only 26 bps for private banks to 8.79 percent in May.

Public sector banks almost fully transmitted their lending rates on new loans after the Reserve Bank raised its policy rates in May by 40 bps. Overall banks raised transmitted 35 percent bps on fresh… [+2098 chars]

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