Lending and Deposit Rates of Scheduled Commercial Banks – July 2026

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during July 2026 are set out in Tables 1 to 9.

Highlights:

Lending Rates:

• The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.53 per cent in June 2026 (8.51 per cent in May 2026).

• The WALR on outstanding rupee loans of SCBs declined marginally to 8.96 per cent in June 2026 from 8.97 per cent in May 2026.

• 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs stood at 8.60 per cent in July 2026 (8.50 per cent in June 2026).

• The WALR on fresh as well as outstanding rupee loans exhibited a mixed movement across sectors in June 2026.

Deposit Rates:

• The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs stood at 5.99 per cent in June 2026 (5.83 per cent in May 2026).

• The WADTDR on outstanding rupee term deposits of SCBs increased marginally to 6.58 per cent in June 2026 from 6.57 per cent in May 2026.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2026-2027/793