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ICICI Bank cuts lending and deposit rates by up to 50 bps.

22 Apr 2009 Evaluate

Soon after the RBI reduced policy rates by 25 basis points, the country's largest private sector lender, ICICI Bank slashed the benchmark lending rate by 50 basis points to 16.25 per cent, at the same time, the bank also decided to reduce deposit rates by 25-50 basis points across various tenors. The bank has also reduced the floating reference rate by half a percentage point to 13.25 per cent. All the existing floating rate customers will benefit from the cut. Meanwhile, other banks including SBI and UCO bank have also hinted at revision in both lending and deposit rates in the coming days.

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ICICI Bank Share Price

1279.45 28.00 (2.24%)
06-May-2026 16:59 View Price Chart
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Company Name CMP
HDFC Bank 796.60
ICICI Bank 1279.45
Axis Bank 1296.10
Kotak Mahindra Bank 376.20
Indusind Bank 946.50
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