Table-topping ICICI cuts its savings rate

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Table-topping ICICI cuts its savings rate

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03-07-2008, 02:14 PM

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Table-topping ICICI cuts its savings rate

Indian bank ICICI has cut the rate on its HiSAVE account this week by 0.25% to 6.15%, to fall in line with last month’s interest rate cut. ICICI is the latest of the table-topping foreign banks to reduce its savings rate. Last year the Indian bank was attracting 5,000 customers to the bank every month. [...]

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