ICICI Bank said on Thursday it will cut its base rate by 0.25 percent to 9.75 percent from 10 percent. The bank also said it will cut interest rates for retail fixed deposits by 0.25 percent.
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British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its long-awaited listing plan. Full Article