The largest private sector lender of the country, ICICI Bank has raised its lending rates by 25 bps. The base rate of the bank now stands at 9.5%.
"ICICI Bank has announced an increase of 0.25% in the ICICI Bank base rate (I-Base) with effect from July 4, 2011. The revised rate will be 9.5% per annum," the bank said.
This implies loan rates of the bank would go up by atleast 25bps now.
Also there has been a 25 bps hike in its benchmark prime lending rate (BPLR) too.