Date:13/05/2008 URL: http://www.thehindu.com/2008/05/13/stories/2008051357121600.htm

Business

ICICI Bank cuts home loan EMI

S. R. Raghunathan

NEW DELHI: Seeking to mitigate inflationary pressure in a rising interest rate scenario, private sector lender ICICI Bank has decided to increase the repayment tenor for its home loan customers while cutting down their monthly instalment amount.