Bank Lending Rate in India remained unchanged at 10.10 percent in May from 10.10 percent in April of 2023. source: Reserve Bank of India

Bank Lending Rate in India averaged 13.14 percent from 1978 until 2023, reaching an all time high of 20.00 percent in October of 1991 and a record low of 8.00 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 June of 2023.

Bank Lending Rate in India is expected to be 10.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Prime Lending Rate is projected to trend around 9.10 percent in 2024 and 8.60 percent in 2025, according to our econometric models.

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India Prime Lending Rate

Related Last Previous Unit Reference
Consumer Confidence 87.00 84.80 points Mar 2023
Bank Lending Rate 10.10 10.10 percent May 2023

India Prime Lending Rate
In India, the prime lending rate is the average rate of interest charged on loans by five major banks.
Actual Previous Highest Lowest Dates Unit Frequency
10.10 10.10 20.00 8.00 1978 - 2023 percent Monthly