ICICI BANK TO RAISE BASE RATE BY 50 BASIS POINTS

ICICI Bank Ltd said bank would raise its benchmark base rate by 50 basis points to 8.75 percent per annum.

ICICI Bank will also raise interest rate on term deposits by up to 50 basis points.

SOURCE: http://articles.economictimes.indiatimes.com/2011-02-23/news/28626734_1_base-rate-basis-points-interest-rate