The rate of transmission has been faster for private sector banks compared to public sector lenders, with private banks having a higher share of loans linked to the external benchmark lending rate (EBLR), or the repo rate. Nearly 70.5% of all outstanding loans of private sector banks are linked to the EBLR, against 35.2% in the case of public lenders. That said, all banks witnessed a rise in the share of EBLR loans since RBI started raising rates.
According to RBI data, the share of EBLR loans increased from 44% to 48.3% between March and December 2022. However, the rise in EBLR loans is higher for private sector banks compared to public banks.
Esta historia es de la edición April 08, 2023 de Mint Mumbai.
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