A day after the State Bank of India and several other banks cut their interest rates, private sector lender, ICICI Bank has slashed it base lending rate by 0.7 percent, across tenors. The revised rates will be effective from tomorrow. <br/><br/>Another private sector lender, Kotak Mahindra Bank has also announced a cut of up to 0.45 per cent in its lending rates. The revised rates are applicable from 1 January this year. <br/>