Bank Lending Rate in India remained unchanged at 9.40 percent in January from 9.40 percent in December of 2019.

Bank Lending Rate in India averaged 13.48 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. source: Reserve Bank of India

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 9.00 in 12 months time. In the long-term, the India Prime Lending Rate is projected to trend around 9.00 percent in 2020, according to our econometric models.


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India Prime Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.40 9.40 20.00 8.00 1978 - 2020 percent Monthly

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

India Consumer Last Previous Highest Lowest Unit
Consumer Confidence 89.40 97.30 116.70 88.00 points [+]
Consumer Spending 20274.01 19744.38 21111.41 4469.88 INR Billion [+]
Disposable Personal Income 192817450.00 169623970.00 192817450.00 91540.00 INR Million [+]
Bank Lending Rate 9.40 9.40 20.00 8.00 percent [+]
Gasoline Prices 1.05 1.03 1.34 0.48 USD/Liter [+]
Households Debt To GDP 11.60 11.70 11.70 8.70 percent of GDP [+]