RBI SCB Lending Rates Fall to 8.44%

Weighted average lending rate on fresh rupee loans fell to 8.44% in February 2026, down from 8.49% in January.
Weighted average lending rate on outstanding rupee loans declined to 9.00% in February 2026, versus 9.04% in January.
The 1‑year median MCLR for SCBs slipped to 8.40% in March 2026, compared with 8.45% in February.
External Benchmark‑linked loans comprised 65.4% of floating‑rate loans at end‑December 2025, while MCLR‑linked loans accounted for 32.0% of total.