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January 1, 2011 8:22 AM EST
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.
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