Document title: Lending and Deposit Rates of Scheduled Commercial Banks – August 2026
Issuing authority: Reserve Bank of India (Department of Communication)
Reference number: Press Release 2026-2027/1003
Date: 31 August 2026
Policy Rates and Liquidity
The Reserve Bank of India reported that the weighted average lending rate (WALR) on outstanding rupee loans of scheduled commercial banks stood at 8.97 per cent in July 2026, a marginal increase from 8.96 per cent in June 2026. The WALR on fresh rupee loans declined slightly to 8.52 per cent in July 2026 from 8.53 per cent in June 2026. The 1‑Year median Marginal Cost of Funds based Lending Rate (MCLR) for scheduled commercial banks was 8.70 per cent in August 2026, up from 8.60 per cent in July 2026. The weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits remained unchanged at 6.58 per cent in July 2026 relative to June 2026. The WADTDR on fresh rupee term deposits fell to 5.90 per cent in July 2026 from 5.99 per cent in June 2026.
Banking and Credit
The data indicate a mixed movement across sectors for both fresh and outstanding rupee loan rates in July 2026, while deposit rates show a slight decline for new term deposits and stability for existing term deposits. These rates reflect the prevailing cost of funds and pricing environment for banks during the reporting period.
The release was signed by Deputy General Manager Ajit Prasad, Communications, and provides the latest snapshot of lending and deposit rate dynamics for scheduled commercial banks as of August 2026.