NEWS & ADVICE : HOME LOANS
Expectation of increase in ICICI consumer loan revenue
By Joseph Samson
Oct 28, 2013
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The largest private asset lender in the country, the ICICI Bank Ltd has achieved a net increase in the profit for the 3rd quarter of the current financial year by 20 % through its home loans and car loans. The bank follows the success of the HDFC Bank Ltd, its main competitor, by a rehabilitated drive into consumer loans as company investment tolerates the impact of economic delay and bureaucratic blocks.Though the car loans are estimated to fall, but the strong networking of ICICI in dealership will help to rise in the segment

It was told to reporters by Chanda Kochhar, the CEO of the ICICI Bank Ltd following the released revenue of the bank that the revenue of the bank through home and car loans and through credit cards is expected to grow by 22 % to 23 % by the end of the current financial year.


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