ICICI Bk to hike home loan rates by 50bps

ICICI Bank is planning to increase its home loan rates by 50 basis points "anytime before the end of the current fiscal."

Speaking to reporters on the sidelines of a conference here, V Vaidyanathan, retail banking head of ICICI Bank, said interest rates on auto loans may also go up between 25-50 basis points while rates on personal loans and credit cards may not be hiked.

"Liquidity condition is tight. There is a clear pressure on liquidity. We are evaluating the cost of funds," he said, adding the bank would have no alternative but to pass the rising cost of deposits to customers.