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ICICI Bank to announce base rate on June 30

India's second largest lender, ICICI Bank, plans to announce its base rate on June 30, a top bank official said today.

india Updated: Jun 28, 2010 21:10 IST
PTI

India's second largest lender, ICICI Bank, plans to announce its base rate on June 30, a top bank official said on Monday.

"We will announce our base rate on June 30," ICICI Bank's Managing Director & CEO, Chanda Kochhar, told reporters in Mumbai.

ICICI Bank expects a 20 per cent credit growth this fiscal and there is a strong demand for home loans.

"There is also a robust demand for auto loans," Kochhar said.

However, project finance is yet to pick-up, she said, adding, however, it was expected to pick up substantially in the second-half.

First Published: Jun 28, 2010 21:08 IST