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Document - Table 74 : Structure of interest rates () or PDF - Table 74 : Structure of interest rates ()
Date : Oct 08, 2008
Table 74 : Structure of interest rates

(Per cent per annum)

Year

Call / Notice Money
Rates (i)

Commercial Bank Rates

 

 

Deposit Rates (ii) (iii)

Lending Rates

 

 

1 to 3 yrs.

Over 3 yrs. and upto 5 yrs.

Above 5 yrs.

SBI Advance Rate (iv)

Key Lending Rates as Prescribed by RBI
(All Commercial Banks including SBI)

 

 

 

 

 

 

Ceiling Rate General

Minimum Rate General (v) (vi)

Minimum Rate Selective 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

7.50-8.50

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

8.50-9.50 +

9.50-10.00 +

9.50-10.00 +

11.50

-

11.00- 12.00 @

Free

 

 

 

 

 

 

 

 

 

2001-02

7.16

7.50-8.50 +

8.00-8.50 +

8.00-8.50 +

11.50

-

11.00-12.00 @

Free

 

 

 

 

 

 

 

 

 

2002-03

5.89

4.25-6.00 +

5.50-6.25 +

5.50-6.25 +

10.75

-

10.75-11.50 @

Free

 

 

 

 

 

 

 

 

 

2003-04

4.62

4.00-5.25 +

5.25-5.50 +

5.25-5.50 +

10.25

-

10.25-11.00 @

Free

 

 

 

 

 

 

 

 

 

2004-05

4.65

5.25-5.50 +

5.75-6.25 +

5.75-6.25 +

10.25

-

10.25-10.75 @

Free

 

 

 

 

 

 

 

 

 

2005-06

5.60

6.00-6.50 +

6.25-7.00 +

6.25-7.00 +

10.25

-

10.25-10.75 @

Free

 

 

 

 

 

 

 

 

 

2006-07

7.22

7.50-9.00 +

7.75-9.00 +

7.75-9.00 +

12.25

-

12.25-12.50 @

Free

 

 

 

 

 

 

 

 

 

2007-08

6.07

8.25-8.75 +

7.50-9.00 +

7.50-9.00 +

12.25

-

12.25-12.75 @

Free

 

 

 

 

 

 

 

 

 

2008-09

7.67****

9.50-10.00 + ^

8.75-9.75 + ^

8.75-9.75 + ^

13.75

-

13.25-14.00 @ ^

Free



TABLE 74 : STRUCTURE OF INTEREST RATES (Concld.)

(Per cent per annum)

Year

Prime Lending Rates of Term Lending Institutions

 

Units of UTI #
(July-June)

Annual (gross) Redemption Yield of Government of India securities@@ (x)

 

IDBI

IFCI

ICICI

IIBI / IRBI (vii)

SFCs* (viii)

Dividend Rate

Yield Rate (ix)

Short-term (1-5 yrs.)

Medium-term (5-15 yrs.)

Long-term(15 yrs. and 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)

 

 

 

 

 

 

 

 

 

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

9.00-20.00

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

9.00-20.00

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

-

12.00-18.50

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 $

14.00

12.00-18.00

13.75

10.19

3.18-14.30

6.50-13.84

9.79-13.11

2000-01

14.00

13.00

12.50

13.25

9.75-17.00

10.00

7.32

4.94-16.66

9.37-12.50

10.58-11.89

2001-02

11.50

12.50

12.50

11.50

9.50-16.75

-

-

5.32-10.96

5.14-13.85

7.41-10.86

2002-03

10.20 *

12.50 *

-

11.00 *

9.50-14.50

-

-

5.12-10.98

5.60-9.27

6.10-8.76

2003-04

8.90 *

12.50 *

-

8.50 **

9.50-14.51

-

-

3.93-7.16

4.41-6.78

5.44-7.72

2004-05

***

12.50 *

-

8.50 **

9.50-14.51

-

-

4.32-8.14

4.71-7.73

5.43-7.83

2005-06

***

12.50 *

-

8.50 **

9.50-13.00

-

-

2.84-8.57

6.49-7.92

7.08-7.85

2006-07

***

-

-

 

9.00-14.50

-

-

6.23-11.37

6.61-8.67

7.47-10.00

2007-08

***

-

-

-

9.50-15.00

-

-

6.95-9.93

6.87-10.55

6.17-8.88

+ : 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.
^ : Up to September 12, 2008.
# : Data for dividend rate and yield rate are based on data received from Unit Trust of India.
@@ : Based on redemption yield which is computed from 2000-01 as the mean of the daily weighted average yield of the transactions in each traded security. The weight is calculated as the share of the transaction in a given security in the aggregated value.
$ : Relates to long-term prime lending rates in January 2000.
* : Long-term (over 36-month) PLR.
** : Single PLR effective July 31, 2003.
*** : Not applicable since IDBI’s conversion into a banking entity effective October 11, 2004.
**** : Average of April-August 2008 (Provisional.)
Note :
1. ICICI ceased to be a term-lending institution after its merger with ICICI Bank.
2. Figures in brackets indicate lending rate charged to small-scale industries.
3. IFCI has become a non-bank financial company.
4. IIBI is in the process of voluntary winding up. For superscripts (i) to (x) in this table, see Notes on Tables.
Source :
1. Respective financial institutions.
2. Reserve Bank of India.