Bank Lending Rate in India decreased to 9 percent in June from 9.40 percent in May of 2020.
Bank Lending Rate in India averaged 13.44 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 July 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 8.50 in 12 months time. In the long-term, the India Prime Lending Rate is projected to trend around 8.50 percent in 2021 and 8.75 percent in 2022, according to our econometric models.