Neutral impactEconomy
Lending and Deposit Rates of Scheduled Commercial Banks – October 2026
RBI 1 hr ago·30 Oct 2026, 12:30 pm
Economy RBI
Scheduled commercial banks in India kept their weighted average lending rates (WALR) steady at 8.96 per cent in September 2026. This rate applies to the total outstanding loan portfolio. However, the rate for fresh rupee loans dropped to 8.51 per cent, indicating a slight easing for new borrowers. This data comes from the Reserve Bank of India and covers major banks, excluding regional rural and small finance banks.
This shift in lending rates is a key signal for the broader market. A lower rate for new loans suggests banks are becoming more competitive, which could support credit growth. For investors, it implies that the cost of borrowing for businesses and consumers is stabilizing. This stability is often seen as a positive for the economy and can influence the performance of banking stocks and the overall market sentiment.
Key takeaways
- Category: Economy.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
