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Informist, Friday, May 29, 2026

--RBI: Weighted avg rate on new bank loans 8.50% Apr, up 10 bps from Mar

--RBI: Weighted avg rate on new bank deposits 5.77% Apr, down 30 bps from Mar

NEW DELHI – The weighted average lending rate on fresh rupee loans of scheduled commercial banks rose 10 basis points sequentially to 8.50% in April. The lending rate was the highest in five months, data released by the Reserve Bank of India Friday showed.

The weighted average lending rate on fresh rupee loans by foreign banks fell 7 bps on month to 7.78% in April, while that of private-sector banks rose 7 bps to 9.19%. The weighted average lending rate on fresh rupee loans of public-sector banks increased 3 bps to 7.87% in April.

The weighted average lending rate on outstanding rupee loans of scheduled commercial banks slipped 1 bp to 8.98% in April, the lowest since July 2022. The one-year median marginal cost of funds-based lending rate of scheduled commercial banks rose 10 bps month-on-month to 8.65% in May.

The weighted average rate on fresh rupee term deposits of scheduled commercial banks declined 30 bps sequentially to 5.77% in April. The weighted average rate on outstanding rupee term deposits was 6.59% in April, down 3 bps from March.  End

Reported by Shweta

Edited by Saji George Titus

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