Business Daily from THE HINDU group of publications
Wednesday, Apr 22, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Money & Banking - Interest Rates
Get Latest Quote and Company Info
ICICI Bank cuts lending, deposit rates

Our Bureau

Mumbai, April 21 ICICI Bank on Tuesday announced a 50 basis points cut in its corporate and retail lending rates with immediate effect. The bank also said it is cutting fixed deposit rates across various tenors by 25 to 50 basis points, with effect from April 24.

ICICI Bank cut its Floating Reference Rate (FRR) for consumer loans, including home loans to 13.25 per cent from 13.75 per cent. All existing floating rate customers will be benefited by the reduction in the FRR.

The bank also cut its Benchmark Advanced Rate, for its corporate customers, to 16.25 per cent from 16.75 per cent.

More Stories on : Interest Rates | Private Banks | ICICI Bank Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
More of a stop-gap policy

Rupee ends lower in choppy trade
‘No prior approval needed to set up offsite ATMs’
Symbolic cuts
Signal for banks to cut lending rates: Chawla
Tight financing impacting 2-wheeler sales: Honda CEO
Opening up banking sector for foreign players deferred
‘A signal to banks to lower prime lending rates’
Kannur to get KSIDC growth centre
Banks to give more on SB accounts
ICICI Bank cuts lending, deposit rates
Bond markets rally
Reinforcing the pro-growth stance
Giving a leg up to economic growth
A balancing act
Measured easing
Proactive approach
Maintaining a low interest rate regime
‘RBI’s stance on foreign banks reasonable’
‘Assurance on govt borrowing programme comforting’
Guidelines soon on pre-paid payment instruments
Changes in BPLR system on the cards
RBI eases FCCB buyback norms further
RBI cuts repo rates
Quick on its feet
Why the banks won’t lend even if they lower interest rates
Call rates a tad lower
Minimum lock-in period for securitising loans proposed
‘We want to send definitive policy signals to lower lending rates’
‘All banks are Basel-II compliant’


Life
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line