DelhiDesk ICICI Bank has revised its interest rates on bulk fixed deposits (FDs) of more than ₹2 crore to less than ₹2 crore. The bank now offers interest rates ranging from 4.75% to 6.75% on terms ranging from 7 days to 10 years. Deposits maturing in one year to fifteen months now have a maximum return of 7.25%. The new bulk FD rates are effective from May 20, 2023. The bank’s consolidated net income was ₹53,922.75 crore in Q4FY23, up 25.88% year on year. ICICI Bank reported net expenses of ₹38,716.56 crore for the quarter ending March 2023.
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👉 ICICI Bank revises interest rates on bulk fixed deposits (FDs)
👉 Interest rates now range from 4.75% to 6.75% on terms from 7 days to 10 years
👉 Deposits maturing in 1 year to 15 months now have a maximum return of 7.25%
👉 New bulk FD rates effective from May 20, 2023
👉 Bank’s consolidated net income was 53,922.75 Cr in Q4FY23, up 25.88% YoY
👉 Operating profit was 15,206.19 Cr in Q4FY23, up 31.90% YoY
👉 Domestic loan portfolio increased by 20.5% YoY
👉 Gross NPA ratio fell to 2.81% in Q4FY23, down from 3.07% in Q3FY23
👉 Net interest income increased by 40.2% YoY in Q4-2023
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