ICICI bank hikes deposit rates

Mumbai, Mar 6 (UNI) ICICI Bank today announced that it will increased its deposit rates by 50 basis points from tomorrow.

The Bank also effected a hike of one per cent in auto loans with immediate effect.

A spokesperson from the Bank clarified that there was no hike in the home loan portfolio.

However, the discounts in home loans given to certain segments were withdrawn by the bank. The home loan interest structure remained unchanged, he said.

The withdrawal of discounts in home loans may result into increases in home loan rates to those segments that enjoyed the discount facility.

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