NEWS & ADVICE : PERSONAL LOAN
ICICI Bank sees 'meaningful growth' in Q3
By Vaibhav Aggarwal
Jan 10, 2011
Print    Email    RSS   

Two years of contraction following the global economic slowdown had been a painful phase for ICICI Bank. But gradually the largest private sector lender of the country seems to be returning back to track and is likely to see 'meaningful growth' as phrased by CEO and MD, Chanda Kochhar.

Kochhar said that personal loan and credit card portfolios will not been shrinked further though there is no further scope of expansion too.

The basic motto of the bank is "profitable and sustainable" growth, she added.

The balance sheet fo the bank will se a growth trend by 15-18% this year following a two year gap.

"In terms of consolidation, I think we have more than achieved what we set out to. That has made our balance sheet even stronger to get on to the growth track. From here, we are clearly looking at growth," she said.

Talking about the home loan market and the aggressive steps taken by State Bank of India in this regard, she said, "The home loan market is growing at a reasonable rate. I think players will do well following the growth of the market. There is enough growth for everyone. If we just follow the demand, we all will have decent growth at a sustainable profit. That is important."

ICICI has over 2,500 branches and plans to set up another 300-400 next financial year.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
BPLR or Base rate?? Which is better…?
Carnival of Indian Personal Finance Blogs #4
Getting the best rates on your personal...
Pay income tax through ATM
Consolidation good for creating healthier...


HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive