RBI April 2026 SCB Lending Rate 8.40%

Weighted average lending rate on fresh rupee loans fell to 8.40% in March 2026, down from 8.44% in February.
Weighted average lending rate on outstanding rupee loans marginally declined to 8.99% in March 2026, versus 9.00% in February.
1‑Year median MCLR rose to 8.55% in April 2026 from 8.40% in March, indicating higher funding costs.
Weighted average domestic term deposit rate on fresh deposits rose to 6.07% in March 2026, up from 5.65% February; outstanding rate stayed 6.62%.