SBI, PNB, ICICI Bank raise lending rates

By Accommodation Times Bureau NEW DELHI The State Bank of India (SBI), Punjab National Bank (PNB) and Industrial Credit and Investment Corporation of India (ICICI) Bank has raised up to 0.1 per cent of their benchmark mark lending rates or Marginal Cost of funds based Lending rate (MCLR). The move makes loans at

ICICI Bank unveils home loan overdraft facility for salaried customers

ICICI Bank Ltd announced the launch of a credit facility against home loans for salaried customers. Christened ‘ICICI Bank Home Overdraft’, this offering helps a salaried customer to seek loans upto Rs. 1 crore for personal needs against his/her property. This innovative offering provides customers with the dual advantage of a

ICICI Bank increased its spreads on home loan rates

By Accommodation Times News Services ICICI Bank the country’s largest private sector lender, following State Bank of India country’s largest government sector bank, has also increased its spreads on home loan rates and not passed on entire benefit of base rate cuts to new borrowers. Last week SBI had increased their spread

ICICI Bank reduces its base rates by 5 bps

By Accommodation Times News Services ICICI Bank one of the leading privates bank in the country have reduced their base rates by 5 points to 9.7 per cent, to match its biggest rivals, State Bank of India (SBI) and HDFC Bank. Loan demand, particularly from the corporate sector, has been sluggish