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ICICI bank up 0.6% to Rs1075
Thursday, October 11, 2007 www.indiainfoline.com
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Finance
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After the company announced that it has cut interest rates on new homes and retail loans by 50-100 basis points, shares of ICICI Bank have gained by 0.6% to Rs1075. The private sector bank scrip touched an intra-day high of Rs1090 and a low of Rs1036 and has recorded volumes of over 16,00,000 shares on NSE.
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Retail loan rates cut : ICICI Bank
Thursday, October 11, 2007 in.reuters.com
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Finance
)
A spokesman for ICICI Bank Ltd, said that it has cut interest rates on home loans and other retail loans by 25-50 basis points with immediate effect. India's second-largest bank has followed the example of State Bank of India of cutting interest rates on new loans for homes, automobiles and farm equipment in a festival season offer that runs until the end of 2007.
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