ICICI Bank, HDFC hike lending, deposit rates | india | Hindustan Times
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ICICI Bank, HDFC hike lending, deposit rates

Both institutions have also increased their deposit rates by 0.5-1 per cent across various tenures.

india Updated: Jul 01, 2008 08:36 IST

Country's largest private-sector lender ICICI Bank and leading home loans lender HDFC both on Monday hiked their lending rates with effect from July 1.

Both institutions have also increased their deposit rates by 0.5-1 per cent across various tenures.

ICICI Bank increased its Benchmark Advance Rate and Floating Reference Rate (FRR) by 0.75 per cent to 16.5 per cent (15.75 per cent) and 13.5 per cent (12.75 per cent), the bank said.

HDFC home loan borrowers will also have to pay more following a 0.5 per cent hike effected in its retail prime lending rates (RPLR).

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