HindustanTimes Mon,21 Apr 2014

ICICI Bank hikes deposit rates

Hindustan Times  Mumbai, August 16, 2013
First Published: 21:42 IST(16/8/2013) | Last Updated: 21:44 IST(16/8/2013)

ICICI Bank on Friday raised interest rates on fixed deposit by 0.25-0.75 percentage points mainly on short term deposits.


Deposit rate in the 46 days to 60 days tenure has been hiked by 0.75 percentage points to 7%, while in the 61 days to 289 days by 0.75 percentage points to 7.75%. One year to 389 day deposit has been hiked by 0.50 percentage points to 8%.

Five year deposit has been hiked by 0.25 percentage points to 8.5%. The bank however kept its benchmark lending rate or base rate unchanged at 9.75%.

more from Banking

CCEA gives nod for IDFs to take over bank loans

In a move that could boost the cash-starved infrastruc­ture sector, the Cabinet Committee on Economic Affairs on Tuesday gave its clearance for infrastructure debt funds (IDFs) to take over existing bank loans.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved