India’s largest private sector lender the ICICI Bank has reduced home loan interest rates by 25 basis points for all existing and new customers.

After State Bank of India and HDFC Bank, the ICICI Bank is the third bank to reduce the home loan rates after RBI’s call.

Earlier the RBI Governor Raghuram Rajan had asked all the private and public sector banks to pass on the benefit of two rate cuts which were given by the central bank to the people.