Bank Deposit Rates Ease in August Even as Fresh Lending Costs Rise
Banks in India cut the weighted average rate on fresh rupee term deposits to 5.67% in August, while the average rate on new loans climbed to 8.61%, underscoring a widening divergence in funding and lending conditions. The move reflects softer pricing on deposits across both public and private lenders, even as borrowing costs rose in segments such as personal loans.
