Question

Which of the following statements is true regarding the lending rates of scheduled commercial banks (SCBs) in September 2024, in India?

• A. The weighted average lending rate decreased for fresh loans and remained unchanged for outstanding loans.
• B. The weighted average lending rate decreased for outstanding loans and remained unchanged for fresh loans.
• C. The weighted average lending rate remained unchanged for both fresh and outstanding loans.
• D. The weighted average lending rate increased for both fresh and outstanding loans

Answer 1

Answer:

A. The weighted average lending rate decreased for fresh loans and remained unchanged for outstanding loans.

The true statement regarding the lending rates of scheduled commercial banks (SCBs) in India for September 2024 is: The weighted average lending rate decreased for fresh loans and remained unchanged for outstanding loans