Three major banks, including the ICICI Bank, have increased lending rates by 0.25 per cent making auto, home and corporate loans more expensive for borrowers. Besides the ICICI Bank, state-owned Indian Overseas Bank and Dena Bank have also announced increase in their lending rates by 0.25 per cent.The decision to hike lending comes following the Reserve Bank of India increasing key lending and borrowing rates by 25 basis points to tame rising inflation.