SBI ups loan rates, ICICI follows

Posted Date: 17-Aug-2010	Category: Banks	Rating:
Author: naduvilmadam	Member Level: Gold	Points: 3

SBI ups loan rates, ICICI follows According to a news report by Indian Express, less than3 days after Finance Minister Pranab Mukherjee expressed his confidence that pursuant to RBI's tight Monetary policy , banks would not raise their interest rates,

According to a news report by Indian Express, less than 3 days after Finance Minister Pranab Mukherjee expressed his confidence that pursuant to RBI's tight Monetary policy , banks would not raise their interest rates,the country's top bank State Bank of India has raised its prime lending rate by 50 basis points to 12.25 per cent. Not to be left behind, the number 2 and the largest in the private sector, ICICI Bank also increased its prime lending rates by 50 basis points.

What is the effect of these hikes on us – nothing but get ready to shell out more on loan repayments.

Did you like this resource? Share it with your friends and show your love!

Responses to "SBI ups loan rates, ICICI follows "

No responses found. Be the first to respond...

Feedbacks

Post Comment:

Notify me by email when others post comments to this article.

Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.

No HTML formatting and links to other web sites are allowed.

This is a strictly moderated site. Absolutely no spam allowed.

Name:	Sign In to fill automatically.
Email:	(Will not be published, but required to validate comment)
	Type the numbers and letters shown on the left.

	Next Resource: India - fastest growing economy by 2013-15
	Previous Resource: China on top of japan as second largest economy
	Return to Resources
	Post New Resource
	Category: Banks