{
  "id": 10933986,
  "title": "Lending and Deposit Rates of Scheduled Commercial Banks – September 2026",
  "url": "https://urgent.news/2026/09/30/lending-and-deposit-rates-of-scheduled-commercial-banks-september-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T12:08:53.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63702"
  },
  "original_language": "en",
  "account": "Scheduled commercial banks (SCBs) in India released lending and deposit rates data for September 2026. According to the information provided in Tables 1 to 9, the weighted average lending rate (WALR) on outstanding rupee loans decreased slightly to 8.96% in August 2026 from 8.97% in July 2026. However, the WALR on fresh rupee loans showed a more significant decline, dropping to 8.61% in August 2026 from 8.52% in July 2026.\n\nThe 1-year median Marginal Cost of Funds based Lending Rate (MCLR) also decreased to 8.61% in September 2026, down from 8.70% in August 2026. The movement in these rates varied across different sectors in August 2026.\n\nRegarding deposit rates, the weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits dropped to 6.56% in August 2026 from 6.58% in July 2026. Similarly, the WADTDR on fresh rupee term deposits declined to 5.67% in August 2026, down from 5.85% in July 2026.\n\nThe data indicates that a substantial portion of rupee loans, 68.2%, were linked to an external benchmark as of the end of June 2026, while MCLR-linked loans accounted for 29.6%. The WADTDR on fresh term deposits also registered a decline compared to the previous month.",
  "summary": "Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during September 2026 are set out in Tables 1 to 9. Highlights: Lending Rates: The weighted average lending rate (WALR) on outstanding rupee loans of SCBs declined marginally to 8.96 per cent in August 2026 from 8.97 per cent in July 2026. The WALR on fresh…",
  "key_points": [
    "Weighted average lending rate (WALR) decreased to 8.96% in August 2026.",
    "1-year median MCLR fell to 8.61% in September 2026.",
    "Domestic term deposit rate (WADTDR) dropped to 6.56% in August 2026."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}