ICICI hikes auto loan rates by 100 pts
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ICICI hikes auto loan rates by 100 pts

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

india Updated: Mar 10, 2006 16:43 IST

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

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loan rates, he said, adding the discount that the bank had been offering on certain categories of home loans have been withdrawn.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.

First Published: Mar 06, 2006 17:57 IST