Key Points
Bank lending rates declined for the first time in April after rising for 11 consecutive months, data from the Reserve Bank of India showed..
While both sets of banks saw a month-on-month dip, it was higher for private banks at 44 bps versus 18 bps for public sector banks...
"Clearly deposit rates have peaked and with liquidity situation improving, rate cycle possibly could reverse," a note by Macquarie Capital said.. Data on loan mix also shows that until June 2022, both public and private sectors saw a decline in the share of MCLR-linked rate loans and a rising share of EBLR-linked rate loans...
The share of MCLR-linked loans has risen for public sector banks for the last two quarters and the share of EBLR-linked loans declined marginally..
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