ICICI Bank increases rates on wholesale term deposits

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Mumbai | Published: January 2, 2015 4:28:31 AM

India’s biggest private sector lender ICICI Bank has hiked interest rates on wholesale term deposits by 15 basis points...

India’s biggest private sector lender ICICI Bank has hiked interest rates on wholesale term deposits by 15 basis points (bps) on Thrusday.

According to the bank’s website, interest on bulk deposits with a maturity period of 60-90 days has been increased by 15 bps to 7.90 for all deposits above R5 crore.

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