The value of loans in India increased 19.70 percent in August of 2023 over the same month in the previous year. source: Reserve Bank of India

Loan Growth in India averaged 11.18 percent from 2012 until 2023, reaching an all time high of 20.20 percent in July of 2023 and a record low of 4.10 percent in March of 2017. This page provides the latest reported value for - India Bank Loan Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Bank Loan Growth - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Loan Growth in India is expected to be 10.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Bank Loan Growth is projected to trend around 7.50 percent in 2024 and 6.50 percent in 2025, according to our econometric models.

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India Bank Loan Growth



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-08-11 12:40 PM Jul/28 19.7% 20.2%
2023-08-25 11:30 AM Aug/11 19.7% 19.7% 20.1%
2023-09-08 11:30 AM Aug/25 19.7%


Related Last Previous Unit Reference
Interest Rate 6.50 6.50 percent Aug 2023
Cash Reserve Ratio 4.50 4.50 percent Aug 2023
Interbank Rate 7.20 7.20 percent Aug 2023
Money Supply M1 59021.12 56996.19 INR Billion Jun 2023
Money Supply M2 58330.50 61023.69 INR Billion Jul 2023
Money Supply M3 233302.56 232594.32 INR Billion Aug 2023
Foreign Exchange Reserves 594890.00 601450.00 USD Million Aug 2023
Central Bank Balance Sheet 31035.89 29527.89 INR Billion Jul 2023
Loan Growth 19.70 19.70 percent Aug 2023
Reverse Repo Rate 3.35 3.35 percent Aug 2023

India Bank Loan Growth
In India, bank loan growth refers to the year-over-year change of the overall commercial banks credit to the economy, including food credit, non-food credit and loans, cash credit and overdrafts.
Actual Previous Highest Lowest Dates Unit Frequency
19.70 19.70 20.20 4.10 2012 - 2023 percent Biweekly