This article was first published 20 years ago

ICICI Bank to hike home loan rates by 0.5%

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February 08, 2006 15:36 IST

ICICI Bank is planning to increase its home loan rates by 50 basis points "anytime before the end of the current fiscal".

V Vaidyanathan, retail banking head of ICICI Bank, said interest rates on auto loans may also go up between 25-50 basis points while rates on
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personal loans and credit cards may not be hiked.

"Liquidity condition is tight. There is a clear pressure on liquidity. We are evaluating the cost of funds," he said, adding the bank would have no alternative but to pass the rising cost of deposits to customers.
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