{
 "name": "India Bank Lending & Deposit Rate Transmission (Repo, WALR, WADTDR)",
 "unit": "percent (repo rate, fresh-loan WALR, fresh-deposit WADTDR, and WALR-WADTDR spread)",
 "dashboard": "https://bankpulse.ai/dashboards/lending-rates/",
 "source": "RBI monetary-transmission data: Weighted Average Lending Rate (WALR) on fresh rupee loans and Weighted Average Domestic Term Deposit Rate (WADTDR) on fresh deposits of scheduled commercial banks, and RBI MPC repo-rate decisions",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-19T16:27:36+05:30",
 "dateModified": "2026-06-19T16:27:36+05:30",
 "method": "spread = walr_fresh_loans - wadtdr_fresh_deposits; repo is the representative RBI policy repo rate for the year",
 "note": "Rounded and approximate; recent years provisional and revised by the RBI. The RBI hiked the repo by ~250 bps over FY23 and fresh-loan WALR rose from ~8% toward ~9.4% with fresh-deposit WADTDR from ~5% to ~6.9% (near-full pass-through, deposits lagging). EBLR-linked loans reprice ~1:1 with the repo within a quarter; MCLR loans lag. Precise latest decimals pending reviewer confirmation; not asserted as a verified number. Actual rates vary by bank, borrower and tenor.",
 "series": [
  {
   "fiscal_year": "FY21",
   "repo_pct": 4.0,
   "walr_fresh_loans_pct": 8.0,
   "wadtdr_fresh_deposits_pct": 5.3,
   "walr_minus_wadtdr_spread_pct": 2.7,
   "approximate": true,
   "note": "COVID-era easing -- lending & deposit rates at multi-year lows"
  },
  {
   "fiscal_year": "FY22",
   "repo_pct": 4.0,
   "walr_fresh_loans_pct": 7.5,
   "wadtdr_fresh_deposits_pct": 5.0,
   "walr_minus_wadtdr_spread_pct": 2.5,
   "approximate": true,
   "note": "Surplus liquidity keeps fresh-loan rates soft"
  },
  {
   "fiscal_year": "FY23",
   "repo_pct": 6.5,
   "walr_fresh_loans_pct": 8.9,
   "wadtdr_fresh_deposits_pct": 6.5,
   "walr_minus_wadtdr_spread_pct": 2.4,
   "approximate": true,
   "note": "250 bps of repo hikes pass through to fresh-loan & deposit rates"
  },
  {
   "fiscal_year": "FY24",
   "repo_pct": 6.5,
   "walr_fresh_loans_pct": 9.4,
   "wadtdr_fresh_deposits_pct": 6.9,
   "walr_minus_wadtdr_spread_pct": 2.5,
   "approximate": true,
   "note": "Full pass-through; deposit rates catch up with a lag"
  },
  {
   "fiscal_year": "FY25",
   "repo_pct": 6.25,
   "walr_fresh_loans_pct": 9.3,
   "wadtdr_fresh_deposits_pct": 6.9,
   "walr_minus_wadtdr_spread_pct": 2.4,
   "approximate": true,
   "note": "Cycle peak holds; easing begins late in the year"
  }
 ]
}