COMMERCIAL BANKS: SELECTED INTEREST RATES | |||||||
(Per Cent Per Annum) | |||||||
End of Period | Commercial Banks | ||||||
Prime Lending Rate1 | Small Savings Deps. | 3 Mths. Time Deps. | 6 Mths. Time Deps. | 9 Mths. Time Deps. | 12 Mths. Time Deps. | 90 Day Call Deps. | |
1993 | 17.45 | 9.46 | 10.86 | 11.75 | 12.00 | 12.28 | - |
1994 | 19.89 | 11.20 | 12.81 | 14.37 | 14.25 | 14.27 | - |
1995 | 19.07 | 10.47 | 12.81 | 13.83 | 14.18 | 14.43 | - |
1996 | 17.21 | 7.73 | 8.96 | 9.93 | 12.75 | 9.50 | - |
1997 | 16.93 | 7.39 | 8.43 | 9.43 | - | 9.30 | - |
1998 | 16.64 | 7.06 | 8.02 | 8.34 | 9.00 | 9.65 | - |
1999 | 17.25 | 7.97 | 9.34 | 9.90 | 10.17 | 10.26 | - |
2000 | 17.21 | 7.28 | 7.37 | 8.92 | 8.96 | 9.41 | - |
2001 | 16.79 | 6.70 | 7.15 | 7.03 | 7.13 | 8.07 | - |
2002 | |||||||
Jan | 16.79 | 6.49 | 6.90 | 6.73 | 7.30 | 7.86 | - |
Feb | 16.61 | 6.20 | 5.96 | 5.98 | 7.30 | 6.89 | - |
Mar | 16.25 | 5.77 | 5.28 | 5.43 | 6.05 | 6.09 | - |
Apr | 16.25 | 5.52 | 5.08 | 4.86 | 5.93 | 5.74 | - |
May | 16.25 | 4.93 | 4.30 | 4.28 | 4.63 | 4.88 | - |
Jun | 16.25 | 4.79 | 4.12 | 4.28 | 4.63 | 4.71 | - |
Jul | 16.25 | 4.65 | 3.98 | 4.08 | 4.25 | 4.42 | - |
Aug | 16.25 | 4.58 | 3.88 | 4.08 | 4.25 | 4.31 | - |
Sep | 16.25 | 4.40 | 3.73 | 3.91 | 4.13 | 4.23 | - |
Oct | 16.25 | 4.29 | 3.70 | 3.91 | 4.13 | 4.23 | - |
Nov | 16.25 | 4.29 | 3.70 | 3.91 | 4.13 | 4.31 | - |
Dec | 16.25 | 4.29 | 3.70 | 3.91 | 4.13 | 4.23 | - |
2003 | |||||||
Jan | 15.57 | 4.29 | 3.64 | 3.91 | 4.13 | 4.23 | - |
Feb | 15.57 | 4.23 | 3.62 | 3.91 | 4.13 | 4.15 | - |
Mar | 14.88 | 4.25 | 3.56 | 3.91 | 4.13 | 4.23 | - |
Apr | 14.88 | 4.25 | 3.56 | 3.91 | 4.13 | 4.23 | - |
May | 14.88 | 3.96 | 3.17 | 3.61 | 4.13 | 3.90 | - |
Jun | 14.88 | 3.96 | 3.27 | 3.56 | 4.00 | 3.85 | - |
Jul | 14.88 | 3.65 | 3.02 | 3.26 | 3.50 | 3.65 | - |
Aug | 14.88 | 3.63 | 2.98 | 3.26 | 3.50 | 3.73 | - |
Sep | 14.88 | 3.54 | 2.94 | 3.33 | 3.50 | 3.75 | - |
Oct | 14.88 | 3.46 | 2.81 | 3.16 | 3.50 | 3.54 | - |
Nov | 14.88 | 3.46 | 2.81 | 3.16 | 3.50 | 3.54 | - |
Dec | 14.88 | 3.46 | 2.81 | 3.16 | 3.50 | 3.54 | - |
Source: Commercial Banks | |||||||
1 Arithmetic average of the Prime Lending Rate as reported by the Commercial Banks. | |||||||
Last Updated: 9/2/2004 |