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The Economic Times

Economy / The Economic Times

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Two out of every three bank loans in India carry interest rates below 9%

Indian banks are witnessing a significant shift as nearly two-thirds of credit now carries sub-9% interest rates, a consequence of aggressive RBI rate cuts. This trend, while fueling robust credit growth across sectors, is pressuring banks' net interest margins. The household sector continues to drive borrowing, with personal loans seeing a notable moderation.

1 Jun 2026 4:08 pm