ICICI Bank to announce base rate on Wednesday

Written by Agencies | Mumbai | Updated: Jun 29 2010, 02:15am hrs
ICICI Bank plans to announce its base rate on June 30, a top bank official said today.

We will announce our base rate on June 30, ICICI Bank managing director and chief executive Chanda Kochhar told reporters here.

ICICI Bank expects a 20 per cent credit growth this fiscal and there is a strong demand for home-loans. There is also a robust demand for auto loans, Kochhar said.

However, project finance is yet to pick-up, she said, adding, however, it is expected to pick up substantially in the second-half.