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Date : Jan 08, 2002

Table 57 : Structure of Interest Rates


(Per cent per annum)

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

												(Per cent per annum)

Year	Prime Lending Rates of Term Lending Institutions								Units of UTI $$		Annual (Gross) Yield
	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)

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

*	: 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.

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.