RBI · Macro Data
RBI data: SCB fresh loan rate ticks up to 8.51%, MCLR slips to 8.50%
Fresh lending rates edged up while MCLR eased; deposit rates firmed; EBLR share rose to 67.6% at end-March.
What changed
- WALR on fresh rupee loans rose to 8.51% in May 2026 from 8.50% in April 2026
- 1-Year median MCLR fell to 8.50% in June 2026 from 8.65% in May 2026
- EBLR share in total floating rate loans rose to 67.6% at end-March 2026 from 65.5% at end-December 2025
The read
Fresh lending rates inched up to 8.51%. The 1-year MCLR tumbled to 8.50% from 8.65%, reflecting a competitive loan market even as deposit costs rose to 5.84%. The EBLR share kept climbing to 67.6%, and that combination of higher deposit costs and falling MCLR squeezes bank margins.
Key numbers
- WALR fresh loans: 8.51%
- 1Y MCLR: 8.50%
- EBLR share: 67.6%
- WADTDR fresh: 5.84%
Primary source: rbi.org.in