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
Construction firm Larsen & Toubro Ltd reported a quarterly profit well below analysts' estimates, as several of its local infrastructure orders were deferred, leading to a decline in domestic business. Full Article