ICICI Bank revises lending rate by 0.05%
Under the new rate structure effective from Wednesday, the ICICI Bank will give out overnight loans to new borrowers at 8.95%, while the one-year MCLR, to which its housing loans are linked, now comes down to 9.15%.
A private security personnel stands guard outside an ICICI Bank branch in Kolkata January 29, 2014. Image Source: Reuters/Rupak De Chowdhuri