NEW DELHI, India, June 30 (ANI) — Scheduled commercial banks (SCBs) lowered their benchmark lending rates in June, with the one-year median Marginal Cost of Funds-Based Lending Rate (MCLR) declining to 8.50%, according to data released Tuesday by the Reserve Bank of India (RBI).
The RBI released lending and deposit rate data for scheduled commercial banks, excluding regional rural banks and small finance banks, for June 2026.
According to the central bank, lending rates on both fresh and outstanding rupee loans showed mixed trends across sectors during May.
The weighted average lending rate (WALR) on fresh rupee loans stood at 8.51% in May 2026, compared with 8.50% in April. Meanwhile, the WALR on outstanding rupee loans edged down to 8.97% from 8.98% during the same period.
The RBI said the one-year median MCLR fell to 8.50% in June from 8.65% in May.
The data also reflected a continued shift toward external benchmark-linked lending. The share of External Benchmark-Based Lending Rate (EBLR)-linked loans in the total outstanding floating-rate rupee loan portfolio of scheduled commercial banks increased to 67.6% at the end of March 2026, up from 65.5% at the end of December 2025.
In contrast, the share of MCLR-linked loans declined to 30.2% from 32.0% over the same period, the RBI said.
On the deposit side, the weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits increased to 5.84% in May 2026 from 5.79% in April.
The WADTDR on outstanding rupee term deposits moderated to 6.57% in May from 6.59% in April, according to the RBI.
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