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Informist, Wednesday, Sept. 30, 2026

--RBI: Weighted avg rate on new bank loans 8.61% Aug, up 9 bps from Jul 

--RBI: Weighted avg rate on new bank deposits 5.67% Aug, dn 18 bps from Jul 
 

NEW DELHI – The weighted average lending rate on fresh rupee loans of scheduled commercial banks rose by 9 basis points to 8.61% in August from 8.52% in July, data released by the Reserve Bank of India showed Wednesday. However, the weighted average lending rate on outstanding rupee loans of scheduled commercial banks fell by 1 bp to 8.96% in August from 8.97% in July. 

The weighted average lending rate on fresh rupee loans by foreign banks fell to 7.98% in August from 8.04% in July, while that for private sector banks rose to 9.19% in August from 9.09% in July. 

The weighted average lending rate on fresh rupee loans of public sector banks grew 1 bp to 7.99% in August. The one-year median marginal cost of funds-based lending rate of scheduled commercial banks fell 9 bps on month to 8.61% in September. The fall in September was after a rise for two consecutive months.

The weighted average rate on fresh rupee term deposits of scheduled commercial banks fell 18 bps on month to 5.67% in August. The weighted average rate on outstanding rupee term deposits was 6.56% in August, down from 6.58% in July.  End

Reported by Vaishali Tyagi

Edited by Avishek Dutta

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