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Stocks

ICICI Home Finance Offers 11.5%

From Economic Times:

ICICI Home Finance has launched a special offer on fixed deposits with an interest rate at 11.15 per cent per annum, payable annually on 15, 20 and 30 months fixed deposits.

It is also offering additional benefit of 0.35 per cent for senior citizens, a press release issued here on Monday said.

No wonder they’re not cutting rates. 11.15% for heaven’s sake! Home loan takers, beware, this is a sign they will squeeze you for all you’ve got – because they are getting squeezed.

Btw, CDS spreads are down to 875 bps, and SBI is down to 470.

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