Dec 4, 2010

ICICI Bank to raise lending, deposit rates


MUMBAI (Reuters) - ICICI Bank said on Saturday it will raise its benchmark prime-lending rate by 50 basis points effective Dec 6.

The bank will also raise interest rates for various tenors of retail fixed deposits by 25-50 basis points from December 6, it said in a statement.

(Reporting by Aniruddha Basu; Editing by Alison Birrane)

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