ICICI BANK TO RAISE BASE RATE, LENDING RATE

NEW DELHI (Reuters) - ICICI Bank, India's second-largest lender, said on Friday it will raise its base rate by 50 basis points and benchmark prime-lending rate by 25 basis points, both effective Jan. 3.
ICICI Bank said in a statement it was also raising floating reference rate (FRR) for consumer loans by 25 basis points, effective Jan. 3.