The weighted average lending rate (WALR) on outstanding rupee loans of scheduled commercial banks stood at 8.97% in July, little changed from 8.96% in June. The data is reported every month. The WALR on fresh rupee loans declined marginally to 8.52% in July from 8.53% in June.
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The one-year average marginal cost of funds-based lending rate (MCLR) of scheduled commercial banks stood at 8.70% in August, up from 8.60% in July, RBI data showed. The increase was mainly due to a rise in the average MCLR for foreign banks to 7.33% in August from 7.20% in July.
The average one-year MCLR for public sector and private sector banks remained unchanged at 8.80% and 9.35%, respectively.
