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Will ICICI Bank discontinue the current benchmark rates I-Base/FRR/PLR?

For all new loans sanctioned from April 1, 2016, the Bank has discontinued offering loans linked with I-Base. However, the existing loans will continue on the respective I-Base/FRR/PLR till its repayment, provided the borrower does not exercise the option to move to the MCLR linked loan at mutually acceptable terms.