RBI Updates Lending and Deposit Rates of Scheduled Commercial Banks – February 2026
Mumbai: The Reserve Bank of India (RBI) has published the latest data on lending and deposit rates of scheduled commercial banks (SCBs) for February 2026, excluding regional rural banks and small finance banks. The information, covering both fresh and outstanding loans and deposits, provides critical insight into prevailing interest rate trends in India’s banking sector.
Key Highlights
Lending Rates
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The weighted average lending rate (WALR) on fresh rupee loans of SCBs rose to 8.67% in January 2026, up from 8.28% in December 2025.
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The WALR on outstanding rupee loans slightly declined to 9.04% in January 2026 from 9.06% in December 2025.
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The 1-year median Marginal Cost of Funds based Lending Rate (MCLR) increased to 8.45% in February 2026, compared to 8.40% in January 2026.
Deposit Rates
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The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits remained steady at 5.66% in January 2026, a minor decline from 5.67% in December 2025.
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The WADTDR on outstanding rupee term deposits fell to 6.64% in January 2026, from 6.68% in December 2025.
This data underscores subtle shifts in both lending and deposit trends among SCBs, reflecting broader economic conditions and RBI policy measures aimed at balancing liquidity and credit growth.
The detailed tables (1 to 7) are available on the official RBI website at www.rbi.org.in/hindi.
Contact:
Ajit Prasad, Deputy General Manager (Communications), RBI
Email: helpdoc@rbi.org.in | Phone: 022-2266 0502