ICICI Bank, India's largest private sector bank, witnessed a fall in share price on Wednesday after it announced a reduction of 0.25% in the ICICI Bank base rate (I-Base).

The revised rate will be 9.75% p.a. as against 10% p.a. at present. With effect from July 1, 2010, interest and arates on new loans dvances, including consumer loans, are determined with reference to I-Base.

Shares of the bank are trading at Rs 316.75, down Rs 0.7, or 0.22% at the Bombay Stock Exchange (BSE) on Wednesday at 11:16 a.m.

The scrip has touched an intra-day high of Rs 319.75 and low of Rs 315.75. The total volume of shares traded at the BSE is 191,841.