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Money & Banking - Interest Rates


ICICI Bank hikes PLR to 11 pc

Our Bureau

Mumbai , Feb. 25

ICICI Bank Ltd has hiked its benchmark prime-lending rate by 50 basis points to 11 per cent from 10.50 per cent previously.

Bank officials said that the increase in PLR, which was effective from February 9, is only applicable to all corporate loans.

The PLR for retail loans remains unchanged.

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