ICICI Bank cuts home loan rates for festive period

MUMBAI Thu Oct 11, 2012 11:31pm IST

An employee's shadow is cast on the ICICI Bank logo at their headquarters in Mumbai April 26, 2012. REUTERS/Vivek Prakash/Files

An employee's shadow is cast on the ICICI Bank logo at their headquarters in Mumbai April 26, 2012.

Credit: Reuters/Vivek Prakash/Files

Stocks

   

MUMBAI (Reuters) - 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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage