Apr 21 2009

ICICI Bank reduces lending and deposit rates with effect from April 24, 2009

ICICI Bank Ltd has announced a reduction of 0.50% in its Floating Reference Rate (FRR) for consumer loans (including home loans) with effect from April 22, 2009.
The revised FRR will be 13.25% p.a. as against 13.75% p.a. at present. All the existing floating rate customers will be benefited by the reduction in FRR.
ICICI Bank has also announced a reduction of 0.50% in its Benchmark Advance Rate (I-BAR) with effect from April 22, 2009. The revised I-BAR will be 16.25% p.a. as against 16.75% p.a. at present. ICICI Bank has also announced a reduction in interest rates for various tenors of retail
Fixed Deposits by 0.25% to 0.50% with effect from April 24, 2009.

Related posts:

  1. ICICI Bank’s Term Deposit Interest Rates in 2009
  2. ICICI Bank cuts Home Loans Interest Rates by 25-50 bps
  3. IDBI Bank Reduces Interest rates on home loan, Fixed Deposits
  4. Mahindra Finance Fixed Deposit Revised Rates from April 20, 2009
  5. SBI Cuts Term Deposit Rates by 50 bps

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