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February 23, 2007 17:17 IST
ICICI Bank, the country's second-largest bank on Friday hiked lending rates for new retail customers by 50 basis points and deposit rates by 50-100 basis points for deposits of 1-3 year maturities.
New home loan borrowers will now pay 11 per cent for floating rate loans and 13 per cent for fixed rate loans.
The bank has kept its prime lending rate and floating reference rate for consumer loans (including home loans), which it had increased by 100 basis points with effect from February 9, unchanged at 14.75 per cent and 11.75 per cent, respectively.
The bank will now offer 9 per cent on 390-day deposits and 9.5 per cent on 590-day and 890-day deposits.
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