TODAY -
ICICI Bank cuts lending rate by 0.35% to 9.35 pc
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print
The bank has reduced interest rates on some bulk deposits of above Rs 1 crore by up to 0.25 per cent. DhFile Photo
The country’s largest private sector bank ICICI today slashed its benchmark lending rate by 0.35 percentage point to 9.35 per cent, making its home and auto loans cheaper for borrowers.
The revised rate will be 9.35 per cent as against existing 9.70 per cent effective October 5, ICICI Bank said in a statement.
With effect from July 1, 2010, interest rates on new loans and advances, including consumer loans, are determined with reference to Base Rate or the minimum lending rate, it said.
The bank has reduced interest rates on some bulk deposits of above Rs 1 crore by up to 0.25 per cent.
With the reduction, all loans linked to the base rate would be cheaper by at least 0.35 per cent.
After SBI, the base rate of ICICI Bank and HDFC Bank is the lowest at 9.35 per cent.
Soon after RBI’s rate easing on September 29, the country’s largest lender SBI slashed its base rate by 0.40 per cent to 9.30 per cent.
RBI in its fourth bi-monthly monetary policy review reduced benchmark repo rate from 7.25 per cent to 6.75 per cent, the lowest in four-and-half-years.
Following this, Finance Minister Arun Jaitley had expressed hope that banks will transmit the benefit to borrowers so as to boost investments and the economy.
"We are looking forward now to the transmission of these cuts which will effectively help to boost confidence and investment. They will also help to realize the economy’s medium term potential growth rate," Jaitley had said.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
kemcom_1.jpg "Bishop of Mangalore Casts Vote in Lok Sabha Elections 2024")
ಮಂಗಳೂರು: ಮತದಾನ ನಮ್ಮ ದೇಶದ ದೊಡ್ಡ ಹಬ್ಬ. ಇದು ನಮ್ಮ ಕರ್ತವ್ಯವೆಂದು ಅರಿತು ಪ್ರಜಾಪ್ರಭುತ್ವದ ವ್ಯವಸ್ಥೆಯನ್ನು ಬಲಪಡಿಸಲು, ಜಾತಿ, ಮತ, ಧರ್ಮಗಳ ಬೇಧವಿಲ್ಲದೆ ಎಲ್ಲರೂ ಮತ ಚಲಾಯಿಸಬೇಕು, ಎಂದು ಮಂಗಳೂರು ವಿವಿಯ ಕುಲಪತಿ ಪ್ರೊ. ಪಿ.ಎಲ್. ಧರ್ಮ ಹೇಳಿದರು. ಅವರು, ಬುಧವಾರ ಮಂಗಳೂರು ವಿಶ್ವವಿದ್ಯಾನಿಲಯದ ಮಂಗಳ ಸಭಾಂಗಣದ ಮುಂಭಾಗದಲ್ಲಿ ಹಮ್ಮಿಕೊಂಡಿದ್ದ ಮತದಾರರ ಜಾಗೃತಿ ಅಭಿಯಾನದ ಅಧ್ಯಕ್ಷತೆ ವಹಿಸಿ ಮಾತನಾಡಿದರು. ಜಾಗೃತಿ ಅಭಿಯಾನ ಉದ್ಘಾ
ಖ್ಯಾತ ಭಾಗವತ ಧಾರೇಶ್ವರ ನಿಧನಕ್ಕೆ ಕರ್ನಾಟಕ ಯಕ್ಷಗಾನ ಅಕಾಡೆಮಿ ಸಂತಾಪ
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Easter Vigil 2024 | Holy Saturday | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Confraternity Sunday | St. Theresa’s Church, Kemmannu
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
An Open ground ‘Way of the Cross’ observed in St. Theres’s Church, Kammannu. [Live-Streamed]
Udupi Bishop Most Rev. Gerald Issac Lobo Celebrates Palm Sunday at Kemmannu Church
The architect of various Churches, Schools, Hospitals and Colleges….. Msgr Denis Jerome D Souza.
Konknani Writers’ Association Literary Award Conferred on Dr. Gerald Pinto
Celebrating Love Across Languages: A Valentine’s Day Special
Udupi: Kemmannu.com Journo Richard D’Souza Felicitated by Paryaya Sri, Sri Sugunendra Tirtha Swamiji.
Let the unity of senior players be an example to the youth - Gautham Shetty - Alfred Crasto Felicitation - Match Livestream.
Bali, Indonesia: Royal Singaraja Award to Mangalorean NRI Philanthropist Dr. Frank Fernandes. [Video]
MTC - Milagres towards Community – An Outreach program on 14th December, 2023
