New Delhi, June 30 -- Scheduled commercial banks (SCBs) lowered their benchmark lending rates in June, with the one-year median Marginal Cost of Funds-based Lending Rate (MCLR) falling to 8.50 per cent, as per a statement by the Reserve Bank of India (RBI).

The RBI released data on lending and deposit rates of scheduled commercial banks (SCBs), excluding regional rural banks and small finance banks, for June 2026 on Tuesday.

According to the RBI, lending rates on both fresh and outstanding rupee loans recorded a mixed movement across sectors during May.

The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.51 per cent in May 2026, compared with 8.50 per cent in April 2026. Meanwhile, the WALR on outstanding r...