Change in Prime Lending Rate : ICICI

ICICI Bank has announced an increase of 0.50% in its prime lending rate with effect
from August 18, 2010. The revised rate will be 16.25% p.a. as against 15.75% p.a. at
present. ICICI Bank has also announced an increase of 0.50% in its Floating Reference
Rate (FRR) for consumer loans (including home loans). The revised FRR will be
13.25% p.a. as against 12.75% p.a. at present.
The above rates were used for determining interest rates on loans and advances upto
June 30, 2010. The fixed rate customers will not be impacted by the above increase
and their contracted rates will remain unchanged.
With effect from July 1, 2010, interest rate on new loans and advances including
consumer loans is determined with reference to ICICI Bank Base Rate (“I-Base”). IBase
has been maintained at 7.50% p.a. The Bank will also continue with its current
dual rate home loan scheme at existing rates.
Customers can call the ICICI Bank 24 hour customer care help line or log on to the
website (www.icicibank.com) for more details.
About ICICI Bank: ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank
and the second largest bank in the country, with consolidated total assets of over
$100 billion at June 30, 2010. ICICI Bank’s subsidiaries include India’s leading private
sector insurance companies and among its largest securities brokerage firms, mutual
funds and private equity firms. ICICI Bank’s presence currently spans across 18
international locations.