Now, pay more interest on ICICI Bk floating loans

 RBI had, on December 8, raised the cash reserve ratio (CRR) by 50 basis points to 5.5% of deposits from January 6 to curb inflation and also force banks to slow down credit growth.

 The bank also hiked deposit rates by 25-75 basis points - same as the hike announced by State Bank of India (SBI) last week.