IST,
Table 57 : Structure of Interest Rates
(Per cent per annum) |
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Year |
Major |
Commercial Bank Rates |
|||||||||||
Commercial |
Deposit Rates(ii) (iii) |
Lending Rates |
|||||||||||
Banks |
1 to 3 |
Over |
Above |
SBI |
Key lending rates as prescribed by RBI |
||||||||
Call Money |
years |
3 yrs. |
5 yrs. |
Advance |
(All commercial banks including SBI) |
||||||||
Rates |
& upto |
Rate(iv) |
Ceiling Rate |
Minimum |
Minimum Rate |
||||||||
Mumbai(i) |
5 yrs |
General |
Rate |
Selective |
|||||||||
General(v) vi) |
Credit |
||||||||||||
Control |
|||||||||||||
|
|
|||||||||||||
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
|||||
|
|
|||||||||||||
1970-71 |
6.38 |
6.00-6.50 |
7.00 |
7.25 |
7.00-8.50 |
- |
- |
- |
|||||
1971-72 |
5.16 |
6.00 |
6.50 |
7.25 |
8.50 |
- |
- |
12.00 |
|||||
1972-73 |
4.15 |
6.00 |
6.50 |
7.25 |
8.50 |
- |
- |
12.00 |
|||||
1973-74 |
7.83 |
6.00 |
7.00 |
7.25 |
8.50-9.00 |
- |
10.00-11.00 |
12.00-13.00 |
|||||
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 |
|||||
1975-76 |
10.55 |
8.00 |
9.00 |
10.00 |
14.00 |
16.50 |
12.50 |
14.00-15.00 |
|||||
1976-77 |
10.84 |
8.00 |
9.00 |
10.00 |
14.00 |
16.50 |
12.50 |
14.00-15.00 |
|||||
1977-78 |
9.28 |
6.00 |
8.00 |
9.00 |
13.00 |
15.00 |
12.50 |
14.00-15.00 |
|||||
1978-79 |
7.57 |
6.00 |
7.50 |
9.00 |
13.00 |
15.00 |
12.50 |
14.00-15.00 |
|||||
1979-80 |
8.47 |
7.00 |
8.50 |
10.00 |
16.50 |
18.00 |
12.50 |
15.50-18.00 |
|||||
1980-81 |
7.12 |
750-8.50 |
10.00 |
10.00 |
16.50 |
19.40-19.50 |
13.50 |
16.70-19.50 |
|||||
1981-82 |
8.96 |
8.00-9.00 |
10.00 |
10.00 |
16.50 |
19.50 |
- |
17.50-19.50 |
|||||
1982-83 |
8.78 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
19.50 |
- |
17.50-19.50 |
|||||
1983-84 |
8.63 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
18.00 |
- |
16.50-18.00 |
|||||
1984-85 |
9.95 |
8.00-9.00 |
10.00 |
11.00 |
16.50 |
18.00 |
- |
16.50-18.00 |
|||||
1985-86 |
10.00 |
8.50-9.00 |
10.00 |
11.00 |
16.50 |
17.50 |
- |
16.50-17.50 |
|||||
1986-87 |
9.99 |
8.50-9.00 |
10.00 |
11.00 |
16.50 |
17.50 |
- |
16.50-17.50 |
|||||
1987-88 |
9.88 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
16.50 |
- |
16.50 |
|||||
1988-89 |
9.77 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
- |
16.00 |
16.00 |
|||||
1989-90 |
11.49 |
9.00-10.00 |
10.00 |
10.00 |
16.50 |
- |
16.00 |
16.00 |
|||||
1990-91 |
15.85 |
9.00-10.00 |
11.00 |
11.00 |
16.50 |
- |
16.00 |
16.00 |
|||||
1991-92 |
19.57 |
12.00 |
13.00 |
13.00 |
16.50 |
- |
19.00 |
19.00 |
|||||
1992-93 |
14.42 |
11.00 |
11.00 |
11.00 |
19.00 |
- |
17.00 |
17.00 |
|||||
1993-94 |
6.99 |
10.00 |
10.00 |
10.00 |
19.00 |
- |
14.00 |
15.00 |
|||||
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 |
8.87 |
8.50-9.50 |
* |
10.00-10.50 |
* |
10.00-10.50 |
* |
12.00 |
12.00-12.50 |
@$ |
Free |
||
2000-01 |
9.15 |
8.50-9.00 |
* |
9.50 - 10.00 |
* |
9.50-10.00 |
* |
11.50 |
11.00- 12.00 |
@$ |
Free |
||
2001-02# |
7.32 |
^ |
8.00-8.50 |
* |
8.25-9.00 |
* |
8.25-9.00 |
* |
11.50 |
11.00-12.00 |
@$ |
Free |
|
|
|
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(Per cent per annum) |
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|
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Year |
Prime Lending Rates of Term Lending Institutions |
Units of UTI $$ |
Annual (Gross) Yield |
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IDBI |
IFCI |
ICICI |
IIBI / |
SFCs*(viii) |
(July-June) |
Redemption YiReld@ |
|||||||||
IRCI(vii) |
Dividend |
Yield |
Government of India SecuRrities(x) |
||||||||||||
Rate |
Rate(ix) |
Short-term |
Medium |
Long |
|||||||||||
(1-5 yrs.) |
Term |
Term |
|||||||||||||
(5-15 yrs.) |
(15 yrs. & |
||||||||||||||
Above) |
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|
|
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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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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) |
|||||||||||||||
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 |
$ |
. |
. |
13.75 |
10.19 |
3.18-14.30 |
6.50-13.84 |
9.79-13.11 |
||
2000-01 |
14.00 |
12.50 |
13.00 |
. |
. |
10.00 |
7.32 |
4.94-16.66 |
9.37-12.50 |
10.58-11.89 |
|||||
|
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* |
: Refers to the deposit rates of 5 major public sector banks as at end March. |
|||||||||
@ |
: Refers to the Prime Lending Rates of 5 major public sector banks as at end November. |
|||||||||
# |
: As on November 30, 2001. |
|||||||||
^ |
: Average upto November 2001. |
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Figures in brackets indicate lending rate charged to Small Scale Industries. |
|
@ |
: Monthly redemption yield is computed from April 2000 as the mean of the daily weighted average yields of the trasanctions |
in each traded security. The weight is calculated as the share of the trasanction in a given security in the aggregated value of |
|
trasanctions in the said security. Prior to April 2000, the redemption yield was not weighted and was computed as an average of daily prices of each security. |
|
$ |
: Relates to long-term prime lending rates in January 2000. |
$$ |
: Data for Dividend Rate and Yield Rate is based on data received from Unit Trust of India. |
Also see Notes on Tables. |
|
Source |
: Report on Currency and Finance, Vol.II, various issues for data upto 1997-98. |
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