| | | | Change in Base Rate and deposit rates | 4/19/2012 2:35:54 PM | | | | ICICI Bank Ltd has informed BSE regarding a Press Release dated April 19, 2012 titled "Change in Base Rate and deposit rates".
Press Release:
"Systemic liquidity has improved significantly since the last week of March 2012. The liquidity deficit is expected to reduce further going forward. Due to the improved systemic liquidity situation, the bulk deposit rates have moderated from the
levels prevailing in March. Reserve Bank of India (RBI) in its Monetary Policy Statement 2012-13 has reduced the repo rate by 0.50%. Further, RBI has enhanced the borrowing limit for banks under the Marginal Standing Facility to 2.0% of net demand & time liabilities (NDTL) in order to provide additional liquidity cushion to the banking system." (For more details kindly refer Corporate Announcements on www.bseindia.com). | |
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