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The Economic Times

Economy / The Economic Times

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Nearly two-thirds of bank loans now priced below 9% as rate cuts bite

Indian banks are offering more loans at lower interest rates. Almost two-thirds of all bank credit now has rates below 9%. This shift follows a year of aggressive rate cuts. While credit growth is strong, banks' profit margins face pressure. Metropolitan areas and public sector banks lead lending. Agriculture and industrial credit also accelerated. Personal loan growth moderated.

2 Jun 2026 12:14 am