Lending rates see rise for majors ICICI and HDFC Bank
By Vaibhav Aggarwal
Feb 24, 2011
Print    Email    RSS   

Private sector banking majors of the country, ICICI Bank and HDFC Bank have announced rise in their lending rates by as much as upto 50 basis points. Following the rise, all loans including home and car loans would get dearer by atleast 50 bps.

Along with lending rates, ICICI Bank has also raised interest rates on fixed deposits by upto 50 bps across different deposit tenors.

The bank has raised base rate by 50 bps taking it to 8.25% while benchmark prime lending rate (BPLR) has also been raised by an equivalent amount.

Base rate of HDFC Bank has been raised by 45 bps taking it to 8.20%. The revised rates of the bank are coming to effect from today, February 24, 2011.

The move by these lenders follows many others who have already raised their lending as well as deposit rates. Amongst them include the largest lender of the country, State Bank of India, Punjab National Bank, Indian Overseas Bank, Bank of Baroda to name a few.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Effect of employment on loan eligibility...
Your dream car - with good Car Loans from...
Spend some time to get the best car insurance
Credit profile and its effect on loan...
Manage your loans, avoid recovery agents

Hello I am looking to renew my car insurance and I...
my loan no

SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive