ICICI Bank has reduced its savings account interest rate by 0.25%, now offering 2.75% on balances up to ₹50 lakh and 3.25% above that, effective April 2025. The move follows the Reserve Bank of India’s back-to-back repo rate cuts totaling 0.50% in four months. This may put short-term pressure on deposit growth but could support loan growth and margins, aiding banking sector stocks in the medium term.
ICICI Bank: Cuts Savings Rates by 0.25% After RBI’s Repo Reduction
