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31 August 2026 · Daily Current Affairs

31 August 2026, sources dated 30 to 31 August 2026 research cutoff

2 verified stories · 4 notes pages · 5 original MCQs

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Lending and Deposit Rates of Scheduled Commercial Banks, August 2026: WALR 8.97 per cent

RBI announces overnight VRRR auction of Rs 4,00,000 crore for 31 August 2026

Banking and RBI

Lending and Deposit Rates of Scheduled Commercial Banks, August 2026: WALR 8.97 per cent

31 August 2026 | Reserve Bank of India

RBI data on lending and deposit rates showed the weighted average lending rate (WALR) on outstanding rupee loans of scheduled commercial banks at 8.97 per cent in July 2026 (8.96 per cent in June 2026). The WALR on fresh rupee loans declined marginally to 8.52 per cent from 8.53 per cent.

The 1-year median Marginal Cost of Funds based Lending Rate (MCLR) stood at 8.70 per cent in August 2026, against 8.60 per cent in July 2026. The data exclude regional rural banks and small finance banks.

Key facts
  • WALR, outstanding loans (July 2026): 8.97%
  • WALR, fresh loans (July 2026): 8.52%
  • 1-year median MCLR (August 2026): 8.70%
  • Previous month MCLR: 8.60%

Exam takeaway: MCLR is the internal benchmark for lending rates introduced in April 2016.

Quick revision: RBI lending and deposit rates, August 2026 release (RBI).

Reserve Bank of India original source

Economy and Finance

RBI announces overnight VRRR auction of Rs 4,00,000 crore for 31 August 2026

31 August 2026 | Reserve Bank of India

The RBI announced a second Variable Rate Reverse Repo (VRRR) auction under the LAF on Monday, 31 August 2026, after a review of current and evolving liquidity conditions. The notified amount was Rs 4,00,000 crore for a 1-day tenor, window 11:00 to 11:30 a.m., with reversal on 1 September 2026.

The operational guidelines remain those in RBI Press Release 2019-2020/1947 dated 13 February 2020. This was an announcement; the result is a separate release.

Key facts
  • Notified amount: Rs 4,00,000 crore
  • Tenor: 1 day
  • Window: 11:00 to 11:30 a.m.
  • Reversal date: 1 September 2026

Exam takeaway: VRRR absorbs liquidity from the banking system.

Quick revision: Overnight VRRR announced for 31 August 2026 (RBI).

Reserve Bank of India original source