Private sector banks lower lending rates more than PSU Banks during the pandemic

Weighted average lending rates for outstanding rupee loans of commercial banks fell 96 basis points- bps (one basis point is 0.01 per cent) between March 2020 and October 21, data released by the RBI indicates.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/private-sector-banks-lower-lending-rates-more-than-psu-banks-during-the-pandemic/articleshow/88035844.cms