JKB Financial Services Ltd.

As on : 31-Jul-2026

Economy - Reports
31-Jul-2026 19:50

Weighted average lending rate on fresh rupee loans edges up to 8.53% in July 2026.

The Reserve Bank of India (RBI) has released data on lending and deposit rates of scheduled commercial banks (SCBs), excluding regional rural banks and small finance banks, based on information received for July 2026.

The data showed that the weighted average lending rate (WALR) on fresh rupee loans of SCBs increased marginally to 8.53 per cent in June 2026, compared with 8.51 per cent in May 2026. Meanwhile, the WALR on outstanding rupee loans declined slightly to 8.96 per cent in June 2026 from 8.97 per cent in the previous month.

The one-year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs stood at 8.60 per cent in July 2026, up from 8.50 per cent in June 2026. The WALR on both fresh and outstanding rupee loans witnessed mixed movements across various sectors during June 2026.

On the deposit side, the weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs rose to 5.99 per cent in June 2026 from 5.83 per cent in May 2026. The WADTDR on outstanding rupee term deposits also edged up marginally to 6.58 per cent in June 2026 from 6.57 per cent in the previous month.

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