Loans to get expensive! A look at base rates of major banks

Fri, Aug 23, 2013 at 12:07

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ICICI Bank on Thursday announced an increase in its base rate by 0.25 percent effect from August 23, 2013. The revised rate will be 10 percent per annum as against 9.75 percent per annum at present.

ICICI had already hiked deposit rates by 25-75 bps for the 46-289 days tenure last week. Hence the hike in benchmark prime lending rate (BPLR) was expected.

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