Daily Current Affairs — 1 August 2026 — Banking

3 stories for Banking today, across Banking & Financial.
Leading today: RBI issues Interest Rate on Deposits Amendment Directions, effective October 1, 2026

Banking & Financial

1. RBI issues Interest Rate on Deposits Amendment Directions, effective October 1, 2026

The Reserve Bank of India has issued its final Interest Rate on Deposits Amendment Directions, 2026, which come into effect from October 1, 2026. The directions span six categories of banks — commercial, small finance, regional rural, payment, local area and urban co-operative banks. They follow a draft the RBI released on June 5, 2026, that proposed greater flexibility for banks in pricing their Rupee bulk deposits while ensuring uniformity in disclosure of interest rates on deposits.

Why Banking asks this — syllabus: ibps-po → mains-ba → rbi-monetary-policy · ibps-po → mains-ba → products-payments

Read the full story · Source: RBI Issues Amendment Directions on Interest Rate on Deposits

2. Banks' 1-year median MCLR rose to 8.60% in July 2026

The 1-year median marginal cost of funds based lending rate (MCLR) of scheduled commercial banks rose to 8.60 per cent in July 2026 from 8.50 per cent in June, while the weighted average lending rate on fresh rupee loans stood at 8.53 per cent in June 2026. The weighted average domestic term deposit rate on fresh rupee deposits was 5.99 per cent that month. The figures cover scheduled commercial banks excluding regional rural banks and small finance banks.

Why Banking asks this — syllabus: ibps-po → mains-ba → rbi-monetary-policy · ibps-po → mains-ba

Read the full story · Source: Lending and Deposit Rates of Scheduled Commercial Banks – July 2026

3. RBI Treasury Bills auction cut-off yields for July 29, 2026

The Reserve Bank of India released the full Treasury Bills auction result for July 29, 2026. The 91-day bill cut off at an implicit yield of 5.3402 per cent, the 182-day at 5.5977 per cent and the 364-day at 5.7393 per cent. Notified amounts were ₹9,000 crore, ₹8,000 crore and ₹7,000 crore respectively, and the full notified face value of each tenor was accepted.

Why Banking asks this — syllabus: ibps-po → mains-ba → rbi-monetary-policy · ibps-po → mains-ba → regulators-institutions

Read the full story · Source: Treasury Bills: Full Auction Result · Source: 91-Day, 182-Day and 364-Day T-Bill Auction Result: Cut-off

Test yourself

10 questions drawn from all 3 of today's stories — read the day, then drill exactly what you read.

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Corrections policy: every fact here is quoted from the official document linked beside it. Spot an error? It gets corrected on the story page and the correction is stated there, never silently edited.