Press release
🌐 Macro
📊 Neutral
🌍 India
SCB Fresh Rupee Loan Rates Slip to 8.51% in September 2026
Fresh rupee loan rates for scheduled commercial banks dropped to 8.51% in September 2026, while outstanding loan rates remained flat at 8.96% as deposit rates saw marginal declines.
Impact
0/10
💡 Key Takeaways
- Fresh rupee loan rates fell by 10 basis points to 8.51% in September 2026.
- Weighted average lending rates on outstanding loans remained unchanged at 8.96%.
- The 1-year median MCLR declined to 8.55% in October 2026 from 8.61% in September.
- Fresh rupee term deposit rates decreased to 5.61% from 5.67% in the previous month.
📋 Executive Summary
Scheduled commercial banks reported a decline in fresh rupee loan rates to 8.51% in September 2026, down from 8.61% in August. Meanwhile, the weighted average lending rate on outstanding loans held steady at 8.96%, reflecting a period of mixed movement across various lending sectors.
📊 Sentiment Analysis
Sentiment
📊 Neutral
Impact Score
0/10
Region
🌍 India
Asset Class
🌐 Macro
❓ Frequently Asked Questions
Fresh rupee loan rates declined to 8.51% in September 2026, down from 8.61% in August 2026.
The weighted average domestic term deposit rate on fresh rupee deposits fell to 5.61% in September 2026, compared to 5.67% in August 2026.
📰 Source
📅 Originally published:
⚠️ Disclaimer: This content is for training purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.