Old loan rates drop, fresh loan rates take a wild ride!

Hold onto your wallets! In October, the WALR for old loans dipped by 4 bps, but fresh loan yields decided to party with a 14 bps jump! Private banks are raising the stakes by 12 bps, while public banks are not far behind with a 9 bps rise. Looks like banks are getting crafty to keep their profits up, says Motilal Oswal.