The move comes weeks after it cut its deposit rates
The one-year MCLR, to which a majority of loans are tied, now stands at 8.65 %
Mumbai: The second largest private sector lender ICICI Bank has cut its marginal cost of funds-based lending rate (MCLR) by 10 basis points (bps) across tenors. The new rates are effective immediately. The one-year MCLR or the minimum lending rate now stands at 8.65%.
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