ICICI Bank country’s largest private sector lender bank released a statement in which it stated the bank will be closely monitoring interest rate trends and the Reserve Bank of India's steps for managing inflation before taking any decision on interest rates. Currently ICICI Bank's benchmark prime lending rate is among the highest in the industry at 15.75%.
ICICI Bank Executive Director V Vaiadyanathan pointed out that most banks will take decision on interest rates after reviewing RBI's quarterly review next month.
ICICI Foundation for Inclusive Growth launched a new plan, Read to Lead. Under this scheme about 100,000 disadvantaged children will be helped to access formal education.
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