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    HomeNewsOpinionOne interest rate segment stubbornly defies all RBI inducements

    One interest rate segment stubbornly defies all RBI inducements

    The weighted average lending rate charged by the banking industry as issuers of credit cards, as calculated by RBI, is currently 30.51% on an annualised basis when you roll over your credit card dues to the next month. It is currently the highest rate charged in the formal economy.

    Rajrishi Singhal
    June 15, 2022 / 10:51 IST
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