ICICI Home Finance is among NBFCs – which offer AAA rated Deposits.It is part of ICICI group – India’s second largest bank.ICICI Home Finance is registered with National Housing Bank – NHB and was incorporated in May- 1999.
As per NHB directives,company can borrow up to 16 times of net woned funds and out of which not more than 5 times can be raised through Public deposits.ICICI Home Finance can raise aggregate up to Rs.23,512 crores and can raise up to Rs.7347.60 Crores through public Deposits.
As per March 31, 2014,company have public deposits worth Rs.308.05 crores.
Credit Rating: AAA by CARE and ICRA – indicates highest Quality of deposits.
ICICI HOME FINANCE -Special Deposits Interest Rates:
ICICI Home Finance is currently offering special scheme deposits and deposit rates are as follows:
Profits of Company:
AAA rated Deposits can offer good diversification in fixed income portfolio and one can think for deposits of ICICI Home finance.
