ICICI Bank Ltd, India's second-biggest bank, has cut interest rates on home loans and other retail loans by 25-50 basis points with immediate effect, a spokesman said on Thursday.
The move comes after leader State Bank of India on Wednesday cut interest rates on new loans for homes, automobiles and farm equipment in a festival season offer that runs until the end of 2007.
The move comes after leader State Bank of India on Wednesday cut interest rates on new loans for homes, automobiles and farm equipment in a festival season offer that runs until the end of 2007.
