Bank Lending Rate in India remained unchanged at 9.40 percent in October from 9.40 percent in September of 2019. Bank Lending Rate in India averaged 13.50 percent from 1978 until 2019, reaching an all time high of 20 percent in October of 1991 and a record low of 8 percent in July of 2010.
Bank Lending Rate in India is expected to be 9.40 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 9.25 in 12 months time. In the long-term, the India Prime Lending Rate is projected to trend around 8.75 percent in 2020, according to our econometric models.