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RBI: Bank Lending Rates Soften Marginally, Deposit Rates Fall in August
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News18•30-09-2026, 21:15
RBI: Bank Lending Rates Soften Marginally, Deposit Rates Fall in August
- •The weighted average lending rate (WALR) on outstanding rupee loans of scheduled commercial banks decreased slightly to 8.96% in August from 8.97% in July.
- •The WALR on fresh rupee loans, however, increased to 8.61% in August from 8.52% in the previous month, indicating mixed movement.
- •The one-year median marginal cost of funds-based lending rate (MCLR) of scheduled commercial banks declined to 8.61% in September from 8.70% in August.
- •The share of external benchmark-linked loans in total outstanding floating-rate rupee loans rose to 68.2% at end-June from 67.6% at end-March.
- •The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits fell more sharply to 5.67% in August from 5.85% in July.
Key Questions Answered
The weighted average lending rate (WALR) on outstanding rupee loans of scheduled commercial banks edged down to 8.96 per cent in August 2026 from 8.97 per cent in July.
The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits fell sharply to 5.67 per cent in August from 5.85 per cent in July.
The share of external benchmark-linked loans in total outstanding floating-rate rupee loans increased to 68.2 per cent at the end of June from 67.6 per cent at the end of March.
