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ICICI Bank slashes benchmark lending rate by 50 bps

Posted on: June 4th 2009 in Press Releases.

he country’s largest private sector lender, ICICI Bank, today slashed its benchmark lending rate by 50 basis points to 15.75 per cent, a move that would benefit the bank’s home, auto, consumer and corporate loan borrowers. The benchmark advance rate (I-BAR) will be reduced by…

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