Bank Lending Rate in India remained unchanged at 9 percent in October from 9 percent in September of 2020.

Bank Lending Rate in India averaged 13.40 percent from 1978 until 2020, reaching an all time high of 20 percent in October of 1991 and a record low of 8 percent in July of 2010. This page provides - India Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Prime Lending Rate - values, historical data and charts - was last updated on October of 2020. source: Reserve Bank of India

Bank Lending Rate in India is expected to be 8.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in India to stand at 8.75 in 12 months time. In the long-term, the India Prime Lending Rate is projected to trend around 8.75 percent in 2021 and 9.00 percent in 2022, according to our econometric models.

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India Prime Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.00 9.00 20.00 8.00 1978 - 2020 percent Monthly

India Consumer Last Previous Highest Lowest Unit
Consumer Confidence 63.70 85.60 116.70 63.70 points [+]
Consumer Spending 14611.64 21250.99 21823.52 4469.88 INR Billion [+]
Disposable Personal Income 206752290.00 192817450.00 206752290.00 91540.00 INR Million [+]
Bank Lending Rate 9.00 9.00 20.00 8.00 percent [+]
Gasoline Prices 1.11 1.10 1.34 0.48 USD/Liter [+]
Households Debt To GDP 12.60 12.20 12.60 8.70 percent of GDP [+]

India Prime Lending Rate
In India, the prime lending rate is the average rate of interest charged on loans by five major banks.