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ICICI to announce base rate on Wednesday

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Press Trust of India Mumbai

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 Chief Executive and Managing Director 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.

 

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First Published: Jun 28 2010 | 8:49 PM IST

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