Lower rates will be applicable to new as well as existing floating-rate clients.
Home loan consumers in India may get some good news in the months to come with country's biggest private lender ICICI Bank saying it could cut interest rates in the first quarter of the next financial year.
Lower rates would not be only for new customers, but existing floating-rate clients also, ICICI Bank's Managing Director and CEO K V Kamath said.
"We expect the (interest) rates to drop in the first quarter. After that we will see if we can write down the rates (for our customers)," Kamath said when asked if ICICI Bank would cut housing loan rates.
Home loan consumers in India may get some good news in the months to come with country's biggest private lender ICICI Bank saying it could cut interest rates in the first quarter of the next financial year.
Lower rates would not be only for new customers, but existing floating-rate clients also, ICICI Bank's Managing Director and CEO K V Kamath said.
"We expect the (interest) rates to drop in the first quarter. After that we will see if we can write down the rates (for our customers)," Kamath said when asked if ICICI Bank would cut housing loan rates.
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