The largest private sector lender of the country, ICICI Bank has raised its deposit as well as lending rates from today owing to tight liquidity conditions in the economy. The interest rates have been raised by upto 50 basis points in both segments.
Fixed deposits across different maturities have been raised in the range of 25 to 50 basis points.
Interest rates on loans will also see a rise for the largest lender of the country, State Bank of India with effect from today. SBI has declared of increasing its benchmark prime lending rate (BPLR) and floating reference rate for consumer loans inclusive of home loans by upto 50 bps.
All loans sanctioned upto June 30, 2010 will have interest rates revised as per the new raise.
"The fixed rate customers will not be impacted by the above increase and their contracted rates will remain unchanged," the bank said.