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RBI30 Jul 2026press-releasePrepared by Complied AI

Lending and Deposit Rates of Scheduled Commercial Banks

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Lending and Deposit Rates of Scheduled Commercial Banks – July 2026

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What changed

The Reserve Bank of India has released data on the lending and deposit rates of scheduled commercial banks (SCBs), excluding regional rural banks and small finance banks, for July 2026. Key findings indicate that the weighted average lending rate (WALR) on fresh rupee loans rose to 8.53% in June 2026 from 8.51% in May 2026, while the WALR on outstanding rupee loans saw a marginal decline to 8.96%. The 1-year median Marginal Cost of Funds based Lending Rate (MCLR) reached 8.60% in July 2026. Regarding deposits, the weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits increased to 5.99% in June 2026, and the rate on outstanding term deposits rose slightly to 6.58%.

Who is affected
  • Scheduled commercial banks (SCBs), excluding regional rural banks and small finance banks.
Exceptions
  • Regional rural banks and small finance banks are excluded from the reported data.

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Source details

Source
Reserve Bank of India
Type
press-release
Published by source
30 Jul 2026
Document number
2026-2027/793
Issuing division
Department of Communication
Coverage area
banking

Document text

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July 31, 2026

Lending and Deposit Rates of Scheduled Commercial Banks – July 2026

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during July 2026 are set out in Tables 1 to 9.

Highlights:

Lending Rates:

  • The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.53 per cent in June 2026 (8.51 per cent in May 2026).
  • The WALR on outstanding rupee loans of SCBs declined marginally to 8.96 per cent in June 2026 from 8.97 per cent in May 2026.
  • 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs stood at 8.60 per cent in July 2026 (8.50 per cent in June 2026).
  • The WALR on fresh as well as outstanding rupee loans exhibited a mixed movement across sectors in June 2026.

Deposit Rates:

  • The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs stood at 5.99 per cent in June 2026 (5.83 per cent in May 2026).
  • The WADTDR on outstanding rupee term deposits of SCBs increased marginally to 6.58 per cent in June 2026 from 6.57 per cent in May 2026.

Ajit Prasad Press Release: 2026-2027/793 Deputy General Manager (Communications)

प्रेस प्रकाशनी PRESS RELEASE

भारतीय ǐरज़वर् बैंक

RESERVE BANK OF INDIA

वेबसाइट : www.rbi.org.in/hindi संचार ͪ वभाग, केंद्रȣय कायार्लय, शहȣद भगत ͧ संह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502

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