Lending and Deposit Rates of Scheduled Commercial Banks
RBI press-release 2026-2027/1224 · 30 Sept 2026
Official title
Lending and Deposit Rates of Scheduled Commercial Banks – September 2026
RBI press-release 2026-2027/1224 · 30 Sept 2026
Official title
Lending and Deposit Rates of Scheduled Commercial Banks – September 2026
Summary
Check the official recordThe Reserve Bank of India reports data on lending and deposit rates for scheduled commercial banks for September 2026. The weighted average lending rate on outstanding rupee loans decreased to 8.96 percent in August 2026. The weighted average lending rate on fresh rupee loans increased to 8.61 percent in August 2026. The 1-year median Marginal Cost of Funds based Lending Rate decreased to 8.61 percent in September 2026. The weighted average domestic term deposit rate on outstanding rupee term deposits decreased to 6.56 percent in August 2026. The weighted average domestic term deposit rate on fresh rupee term deposits decreased to 5.67 percent in August 2026. This report excludes regional rural banks and small finance banks.
Key dates
Who is affected
Exceptions
September 30, 2026
Lending and Deposit Rates of Scheduled Commercial Banks – September 2026
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during September 2026 are set out in Tables 1 to 9.
Highlights:
Lending Rates:
• The weighted average lending rate (WALR) on outstanding rupee loans of SCBs declined marginally to 8.96 per cent in August 2026 from 8.97 per cent in July 2026.
• The WALR on fresh rupee loans of SCBs stood at 8.61 per cent in August 2026 (8.52 per cent in July 2026).
• 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs declined to 8.61 per cent in September 2026 from 8.70 per cent in August 2026.
• The WALR on fresh as well as outstanding rupee loans exhibited a mixed movement across sectors in August 2026.
• The share of External Benchmark based Lending Rate (EBLR) linked loans in total outstanding floating rate rupee loans of SCBs was 68.2 per cent at end-June 2026 (67.6 per cent at end-March 2026), while that of MCLR linked loans was 29.6 per cent (30.2 per cent at end-March 2026).
Deposit Rates:
• The weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits of SCBs declined to 6.56 per cent in August 2026 from 6.58 per cent in July 2026.
• The WADTDR on fresh rupee term deposits of SCBs declined to 5.67 per cent in August 2026 from 5.85 per cent in July 2026.
Ajit Prasad
Press Release: 2026-2027/1224 Deputy General Manager
(Communications)
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