Corporate loan rates are set to rise
Published Saturday, June 10, 2006 by Money Man Mike | E-mail this post
On Friday, ICICI Bank, the country?s second-biggest bank, raised its prime lending rates by half a percentage point, which will raise the price of retail home loans by a like amount.
The rate hike by ICICI Bank comes just day after the central bank increased benchmark rates by 25 basis points.
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