IST,
Table 56 : Structure of Interest Rates
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(Per cent per annum) |
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Year |
Major |
Commercial Bank Rates |
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(April - |
Commercial |
Deposit Rates(ii) (iii) |
Lending Rates |
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March) |
Banks |
1 to 3 |
Over |
Above |
SBI |
Key lending rates as prescribed by RBI |
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Call Money |
years |
3 yrs. |
5 yrs. |
Advance |
(All commercial banks including SBI) |
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Rates |
& upto |
|
Ceiling Rate |
Minimum |
Minimum Rate |
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Mumbai(i) |
5 yrs |
General |
Rate |
Selective |
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General(v) (vi) |
Credit |
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Control |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
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9 |
1970-71 |
6.38 |
6.00 - 6.50 |
7.00 |
7.25 |
7.00-8.50 |
- |
- |
- |
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1971-72 |
5.16 |
6.00 |
6.50 |
7.25 |
8.50 |
- |
- |
12.00 |
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1972-73 |
4.15 |
6.00 |
6.50 |
7.25 |
8.50 |
- |
- |
12.00 |
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1973-74 |
7.83 |
6.00 |
7.00 |
7.25 |
8.50-9.00 |
- |
10.00-11.00 |
12.00-13.00 |
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1974-75 |
12.82 |
6.75-8.00 |
7.75-9.00 |
8.00-10.00 |
9.00-13.50 |
- |
11.00-13.00 |
14.00-15.00 |
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1975-76 |
10.55 |
8.00 |
9.00 |
10.00 |
14.00 |
16.50 |
12.50 |
14.00-15.00 |
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1976-77 |
10.84 |
8.00 |
9.00 |
10.00 |
14.00 |
16.50 |
12.50 |
14.00-15.00 |
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1977-78 |
9.28 |
6.00 |
8.00 |
9.00 |
13.00 |
15.00 |
12.50 |
14.00-15.00 |
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1978-79 |
7.57 |
6.00 |
7.50 |
9.00 |
13.00 |
15.00 |
12.50 |
14.00-15.00 |
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1979-80 |
8.47 |
7.00 |
8.50 |
10.00 |
16.50 |
18.00 |
12.50 |
15.50-18.00 |
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1980-81 |
7.12 |
7.50-8.50 |
10.00 |
10.00 |
16.50 |
19.40-19.50 |
13.50 |
16.70-19.50 |
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1981-82 |
8.96 |
8.00-9.00 |
10.00 |
10.00 |
16.50 |
19.50 |
- |
17.50-19.50 |
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1982-83 |
8.78 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
19.50 |
- |
17.50-19.50 |
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1983-84 |
8.63 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
18.00 |
- |
16.50-18.00 |
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1984-85 |
9.95 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
18.00 |
- |
16.50-18.00 |
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1985-86 |
10.00 |
8.50-9.00 |
10.00 |
11.00 |
16.50 |
17.50 |
- |
16.50-17.50 |
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1986-87 |
9.99 |
8.50-9.00 |
10.00 |
11.00 |
16.50 |
17.50 |
- |
16.50-17.50 |
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1987-88 |
9.88 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
16.50 |
- |
16.50 |
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1988-89 |
9.77 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
- |
16.00 |
16.00 |
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1989-90 |
11.49 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
- |
16.00 |
16.00 |
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1990-91 |
15.85 |
9.00-10.00 |
11.00 |
11.00 |
16.50 |
- |
16.00 |
16.00 |
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1991-92 |
19.57 |
12.00 |
13.00 |
13.00 |
16.50 |
- |
19.00 |
19.00 |
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1992-93 |
14.42 |
11.00 |
11.00 |
11.00 |
19.00 |
- |
17.00 |
17.00 |
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1993-94 |
6.99 |
10.00 |
10.00 |
10.00 |
19.00 |
- |
14.00 |
15.00 |
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1994-95 |
9.40 |
11.00 |
11.00 |
11.00 |
15.00 |
- |
15.00 |
@ $ |
Free |
1995-96 |
17.73 |
12.00 |
13.00 * |
13.00 * |
16.50 |
- |
16.50 |
@ $ |
Free |
1996-97 |
7.84 |
11.00-12.00 * |
12.00-13.00 * |
12.50-13.00 * |
14.50 |
- |
14.50-15.00 |
@ $ |
Free |
1997-98 |
8.69 |
10.50-11.00 * |
11.50-12.00 * |
11.50-12.00 * |
14.00 |
- |
14.00 |
@ $ |
Free |
1998-99 |
7.83 |
9.00-11.00 * |
10.50-11.50 * |
10.50-11.50 * |
12.00-14.00 |
- |
12.00-13.00 |
@ $ |
Free |
1999-00 |
9.00 |
8.50-9.50 * |
10.00-10.50 * |
10.00-10.50 * |
12.00 |
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12.00-12.50 |
@ $ |
Free |
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(Per cent per annum) |
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Prime Lending Rates of Term Lending Institutions |
Units of UTI |
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Year |
IDBI |
IFCI |
ICICI |
IIBI / IRCI(vii) |
SFCs*(viii) |
(July-June) |
Annual (Gross) Yield |
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(April - |
Dividend |
Yield |
Government of India Securities(x) |
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March) |
Rate |
Rate(ix) |
Short-term |
Medium |
Long |
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Term |
Term |
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(1-5 yrs.) |
(5-15 yrs.) |
(15 yrs. & |
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Above) |
1 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
1970-71 |
8.50 |
9.00 |
8.50 |
- |
7.50-10.50 |
8.00 |
7.55 |
3.85-4.28 |
4.32-4.84 |
4.77-5.53 |
(7.00-8.50) |
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1971-72 |
8.50 |
9.00 |
8.50 |
- |
8.50-11.00 |
8.25 |
.. |
4.21-4.17 |
4.53-5.25 |
5.00-5.74 |
(7.50-8.00) |
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1972-73 |
8.50 |
9.00 |
8.50 |
- |
8.50-10.50 |
8.50 |
.. |
4.46-4.98 |
4.08-5.28 |
5.00-5.74 |
(7.50-9.75) |
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1973-74 |
9.00 |
9.50 |
9.00 |
8.50 |
9.00-11.00 |
8.50 |
.. |
4.47-5.05 |
4.74-5.34 |
5.00-5.74 |
(7.50-10.50) |
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1974-75 |
10.25 |
11.25 |
10.25 |
8.50 |
8.00-13.00 |
8.60 |
8.25 |
5.00-5.65 |
5.18-5.99 |
5.93-6.39 |
(8.00-10.50) |
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1975-76 |
11.00 |
12.00 |
11.00 |
8.50 |
8.00-14.50 |
8.75 |
8.33 |
5.20-6.04 |
5.47-6.02 |
6.08-6.48 |
(8.00-11.00) |
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1976-77 |
11.00 |
11.00 |
11.00 |
8.50 |
8.00-15.50 |
9.00 |
8.51 |
5.18-5.59 |
5.43-5.97 |
6.02-6.47 |
(8.00-11.00) |
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1977-78 |
11.00 |
11.00 |
11.00 |
8.50 |
8.00-15.50 |
9.00 |
7.96 |
5.06-5.59 |
5.42-5.98 |
6.03-6.46 |
(8.00-11.00) |
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1978-79 |
11.00 |
11.00 |
11.00 |
8.50 |
8.00-15.50 |
9.00 |
7.67 |
5.12-5.48 |
5.47-6.25 |
6.12-6.73 |
(8.00-11.00) |
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1979-80 |
11.00 |
11.00 |
11.00 |
8.50 |
8.00-15.50 |
10.00 |
8.56 |
4.70-5.74 |
5.70-6.30 |
6.20-6.98 |
(8.00-11.00) |
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1980-81 |
14.00 |
14.00 |
14.00 |
9.15 |
12.00-16.00 |
11.50 |
9.62 |
4.74-6.01 |
5.80-6.75 |
6.44-7.49 |
(12.00-14.50) |
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1981-82 |
14.00 |
14.00 |
14.00 |
9.15 |
11.25-14.00 |
12.50 |
10.29 |
5.32-6.43 |
5.81-7.02 |
6.45-8.00 |
(12.50-14.00) |
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1982-83 |
14.00 |
14.00 |
14.00 |
12.50 |
12.50-17.00 |
13.50 |
10.65 |
4.98-8.46 |
6.25-7.77 |
6.46-9.00 |
(12.50-14.50) |
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1983-84 |
14.00 |
14.00 |
14.00 |
12.50 |
14.00-18.00 |
14.00 |
10.49 |
4.50-7.08 |
6.67-9.04 |
6.47-10.00 |
(11.50-16.50) |
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1984-85 |
14.00 |
14.00 |
14.00 |
12.50 |
14.00-20.00 |
14.25 |
10.44 |
4.20-8.31 |
6.47-9.04 |
7.93-10.50 |
(12.50-18.50) |
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1985-86 |
14.00 |
14.00 |
14.00 |
12.50 |
11.50-16.50 |
15.25 |
11.75 |
5.42-9.84 |
6.49-9.50 |
8.38-11.50 |
(11.50-16.50) |
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1986-87 |
14.00 |
14.00 |
14.00 |
12.50 |
11.50-16.50 |
16.00 |
12.27 |
5.09-11.60 |
6.50-10.86 |
8.88-11.50 |
(11.50-16.50) |
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1987-88 |
14.00 |
14.00 |
14.00 |
14.00 |
11.50-16.50 |
16.50 |
12.56 |
6.86-15.78 |
6.51-11.73 |
9.17-11.50 |
(11.50-16.50) |
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1988-89 |
14.00 |
14.00 |
14.00 |
14.00 |
11.50-16.50 |
18.00 |
13.58 |
7.03-23.88 |
6.76-13.77 |
9.36-11.73 |
(11.50-16.50) |
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1989-90 |
14.00 |
14.00 |
14.00 |
14.00 |
11.50-16.50 |
18.00 |
13.35 |
7.56-18.36 |
7.69-15.06 |
10.05-11.80 |
(11.50-16.50) |
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1990-91 |
14.00-15.00 |
14.00-15.00 |
14.00-15.00 |
14.00-15.00 |
.. |
19.50 |
14.03 |
7.04-21.70 |
9.44-12.70 |
10.86-12.04 |
1991-92 |
18.00-20.00 |
18.00-20.00 |
18.00-20.00 |
18.00-20.00 |
.. |
25.00 |
16.40 |
8.37-26.26 |
9.50-13.42 |
9.91-12.38 |
1992-93 |
17.00-19.00 |
17.00-19.00 |
17.00-19.00 |
18.50-21.00 |
(11.50-20.00) |
26.00 |
19.06 |
9.08-23.77 |
9.50-14.78 |
8.82-12.47 |
1993-94 |
14.50-17.50 |
14.50-17.50 |
14.50-17.50 |
14.50-17.50 |
(11.50-20.00) |
26.00 |
17.68 |
11.86-12.86 |
12.70-13.30 |
12.85-13.43 |
1994-95 |
15.00 |
14.50-18.50 |
14.00-17.50 |
14.50-17.50 |
(12.00-13.50) |
26.00 |
16.33 |
9.75-11.76 |
11.30-13.86 |
11.77-13.47 |
1995-96 |
16.00-19.00 |
16.00-20.00 |
14.00 |
15.50-18.50 |
(12.00-13.50) |
20.00 |
12.66 |
6.00-14.28 |
5.75-14.07 |
11.84-13.02 |
1996-97 |
16.20 |
15.00-19.50 |
16.50 |
17.00 |
(12.00-27.50) |
20.00 |
13.95 |
5.21-16.21 |
5.75-14.44 |
9.00-14.20 |
1997-98 |
13.30 |
14.50-18.00 |
14.00-14.50 |
12.50-13.50 |
(12.00-18.00) |
20.00 |
13.85 |
5.50-17.69 |
5.20-14.00 |
9.00-13.17 |
1998-99 |
13.50 |
13.50-17.00 |
13.00 |
.. |
.. |
13.50 |
9.46 |
4.45-17.73 |
5.75-13.74 |
10.00-13.46 |
1999-00 |
13.60-17.10 |
$13.50-17.00 $ |
12.50 $ |
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13.75 |
10.19 |
3.18-14.30 |
6.50-13.84 |
9.79-13.11 |
Figures in brackets indicate lending rate charged to Small Scale Industries. |
@ Yield calculated based on monthly average prices. |
$ Relates to long-term prime lending rates in January 2000. |
.. Not available. |
Also see Notes on Tables. |
Source : Report on Currency and Finance, Vol.II, various issues for data upto 1997-98. |
* Refers to the deposit rates of 5 major public sector banks as at end March. |
$ Also see Notes on Tables. |
@ Refers to the Prime Lending Rates of 5 major public sector banks as at end March. |
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