Question

How did the weighted average lending rate (WALR) on outstanding rupee loans of SCBS change from August to September 2024, in India?

• A. Increased from 9.90% to 9.92%
• B. Decreased from 9.91% to 9.90%
• C. Increased from 9.89% to 9.91%
• D. Remained unchanged at 9.91%

Answer 1

Answer:

B. Decreased from 9.91% to 9.90%

The weighted average lending rate (WALR) on outstanding rupee loans of Scheduled Commercial Banks (SCBs) in India marginally decreased from 9.91% in August 2024 to 9.90% in September 2024. note:Weighted average lending rate on fresh rupee loans of SCBs stood at 9.40% in Feb-25 compared 9.32% in Jan-25. The Reserve Bank of India (RBI) stated today that the weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.40 per cent in February 2025 (9.32 per cent in January 2025).