The terrain chief exclusive sector lender, ICICI Bank, at the moment announced a hike of 25 basis points (bps) in its lending rate to 9.5% successful from Monday.
"ICICI Bank has announced an increase in intensity of 0.25% in the ICICI Bank center rate (I-Base) with effect from July 4, 2011. The revised rate will be 9.5% apiece annum," the lender thought in a statement.
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