Bank Lending Rate in India remained unchanged at 8.80 percent in July from 8.80 percent in June of 2021. source: Reserve Bank of India
Bank Lending Rate in India averaged 13.32 percent from 1978 until 2021, 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 2021.
Bank Lending Rate in India is expected to be 8.80 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 9.30 in 12 months time. In the long-term, the India Prime Lending Rate is projected to trend around 9.30 percent in 2022 and 10.05 percent in 2023, according to our econometric models.