ICICI Bank cuts floating rates by 50 bps

Posted By: Staff
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New Delhi, Apr 21: After the Reserve Bank of India (RBI) announced cut in the key rates, the ICICI Bank has reduced floating reference rates by 50 bps to 13.25 pc. All the floating rate customers of the bank would benefit from this move.

One of India's largest private bank has also cut deposit rates by 25-50 bps with effect from Apr 24. It would be applicable across various tenures. The bank also has cut its benchmark advance rate by 50 bps.

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