Weighted average lending rate on outstanding rupee loans of SCBs remained unchanged at 8.96% in Sep-26

RBI stated today that the weighted average lending rate (WALR) on outstanding rupee loans of SCBs remained unchanged at 8.96 per cent in September 2026 compared to August 2026. The WALR on fresh rupee loans of SCBs declined to 8.51 per cent in September 2026 from 8.61 per cent in August 2026. The 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs declined to 8.55 per cent in October 2026 from 8.61 per cent in September 2026. The WALR on fresh as well as outstanding rupee loans exhibited a mixed movement across sectors in September 2026. The weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits of SCBs marginally declined to 6.55 per cent in September 2026 from 6.56 per cent in August 2026. The WADTDR on fresh rupee term deposits of SCBs declined to 5.61 per cent in September 2026 from 5.67 per cent in August 2026.

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