Document title: Lending and Deposit Rates of Scheduled Commercial Banks – July 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/793
Date: 31 July 2026
Policy rates and liquidity
The weighted average lending rate (WALR) on fresh rupee loans of scheduled commercial banks (SCBs) was 8.53 % in June 2026, marginally higher than 8.51 % in May 2026. The WALR on outstanding rupee loans slipped to 8.96 % in June 2026 from 8.97 % in May 2026. The 1‑Year median Marginal Cost of Funds based Lending Rate (MCLR) stood at 8.60 % in July 2026, compared with 8.50 % in June 2026. The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits rose to 5.99 % in June 2026 from 5.83 % in May 2026, while the rate on outstanding term deposits increased marginally to 6.58 % from 6.57 %.
Banking and credit
The WALR on both fresh and outstanding rupee loans showed a mixed movement across sectors in June 2026, indicating sector‑specific variations in pricing.
The data are presented in Tables 1 to 9 of the accompanying Excel file.
Overall, the June 2026 figures reflect a modest upward pressure on fresh loan pricing and term‑deposit rates, with outstanding loan rates remaining broadly stable.