A recent press report said that ICICI Bank has announced the launch of fixed interest rate product for home loans. According to the scheme a customer can get a home loan at a fixed interest rate valid for a period of one or two years, after which the loan will move to floating interest rate. … Read More »
According to a recent press report, ICICI Bank has sold its entire 16.9 per cent stake in Stock Holding Corporation of India (SHCIL) to Industrial Finance Corporation of India Ltd (IFCI) at Rs. 818 a share. This makes IFCI the biggest shareholder in SHCIL. Reports said that the IFCI’s stake in SHCIL has increased to… Read More »
A recent press report said that ICICI bank is offering a new home loan with a rate for two years fixed at 10.75%. ICICI bank pulled back from aggressive retail lending after the 2008 credit crisis will now offer loans that give a choice of fixed rate for either one or two years at a… Read More »
A recent press report said that ICICI Bank has decided to increase its base rate and the benchmark prime lending rate (BPLR) by 25 basis points. Reports said that the bank’s revised base rate will be 9.50 per cent (currently 9.25 per cent) and BPLR will be 18.25 per cent (18 per cent). The bank… Read More »
According to a recent press report ICICI bank and The Energy and Resources Institute (TERI) have signed a ‘soft loan agreement’ in order to promote research and development in the areas of nano-biotechnology, energy efficient technology, micro enterprise systems and other vital areas of sustainable development. The agreement was signed by General R. K Pachauri,… Read More »
The bank also has a presence in around 18 countries across the globe. They offer a wide gamut of retail products to its retail customers and as well as other banking products related to the corporate segment. These include ICICI personal loans, ICICI home loans, ICICI car loans, ICICI credit cards, ICICI LAP etc. They… Read More »