MUMBAI ICICI Bank (ICBK.NS) has cut its floating rate on home loans by up to 100 basis points until December end, the country's second-largest lender said on Thursday.
For loans up to 3 million rupees the bank will charge 10.25 percent interest, ICICI said. It earlier used to charge 10.5 percent for loans up to 3 million rupees.
The interest rate for loans between 3 million rupees and 30 million rupees will be 10.5 percent, down from 11.5 percent, the bank said, adding the new rates are applicable only for the festive period that starts in October and ends in December.
(Reporting by Aditi Shah; Editing by Anand Basu)
Trending On Reuters
State Bank of India, the nation's top lender by assets, posted better-than-expected quarterly bad debt levels on Friday and said it now expected an improvement, a long-awaited sign of easing pressure that helped its shares jump over five percent. Read | Full Coverage
Gold demand slows as China eyes equities; lack of weddings in India weighs Full Article