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ICICI Bank raises deposit rates

MUMBAI: Private sector lender ICICI Bank on Thursday raised the deposit rates with immediate effect by up to half-a-percentage point across different maturities, a move that hints at lending rates are going to go up sooner than later.

The bank will now offer 6.75 per cent rate for deposits having 390-day maturity against 6.5 per cent earlier, an ICICI Bank spokesperson told PTI here.

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