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To: Mohan Marette who wrote (358)	3/9/2000 8:14:00 PM
From: Mohan Marette	Read Replies (1) of 494

LIC Housing cuts rates by 25 to 175 basis points -ICICI to wait licindia.com licindia.com Manju AB Mumbai, March 9: Close on the heels of the Housing Development & Finance Corporation cutting the home-loan rates, LIC Housing Finance on Thursday reduced the interest rates on home loans and merged three loan slabs into a single slab of Rs 25,000 to Rs 50 lakh. The quantum of cut ranges between quarter of a percentage point (25 basis points) and 175 basis points. Other players in the segment including ICICI, however, preferred to wait and watch. A senior executive of ICICI Home Loans said: "We do not want to drop interest rate on our retail products in a hurry. It may take us another week to revise our rates." financialexpress.com

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