Mumbai, Oct. 1 -- RBI stated that 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 rupee loans of SCBs stood at 8.61 per cent in August 2026 (8.52 per cent in July 2026). 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs declined to 8.61 per cent in September 2026 from 8.70 per cent in August 2026. The WALR on fresh as well as outstanding rupee loans exhibited a mixed movement across sectors in August 2026.

The share of External Benchmark based Lending Rate (EBLR) linked loans in total outstanding floating rate rupee loans of SCBs was 68.2 per cent at end-June 2026 (67.6 per cent at end-Ma...