ICICI hikes auto loan rates by 100 pts

However, there would be no change in home loan rates, said a bank official.

ICICI Bank has increased auto loan rates by 100 basis points with effect from Monday, a bank official said.

HT Image

However, there was no change in home loan rates, he said, adding the discount that the bank had been offering on certain categories of home loans have been withdrawn.

The bank has also hiked deposit rates by 50 basis points with effect from February 7, he said.

ICICI Bank had increased deposit rates in mid-February by 50 basis points.

It had hiked home loan rates by 50 basis points, effective from Februray 13.

However, for the existing floating rate customers, the hike would be applicable from the next financial year, it had said.