January 03, 2021
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“While the overall lending rates have declined when we look at the headline rates, the transmission is probably slower when we look at various products or risk segments,” says a report by Kotak Securities.
The rate of decline in fresh lending and deposit rates has started to slow down, according to an analysis of the latest Reserve Bank of India (RBI) data by Kotak Securities.
Deposits rates were flat month-on-month (mom) at about 5.6 per cent in November 2020. Fresh lending rates were down about 5 basis points (bps) mom to about 8.3 per cent in the month, the stock broking firm said in a report.