ICICI Bank to grow retail loan portfolio in TN to Rs 13,000 cr

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Chennai, Nov 28 (IANS) Private sector ICICI Bank Ltd will grow its retail loan by 40 per cent in Tamil Nadu, said a senior official.

Speaking to reporters here, Anup Bagchi, Executive Director, said the company is expecting to grow retail loan disbursement in Tamil Nadu by over 40 per cent to Rs 13,000 crore this fiscal.

He said the growth will happen across retail loans like consumer, home, agriculture.

This fiscal ICICI Bank plans to grow its disbursement of consumer loans by nearly 50 per cent to Rs 5,000 crore. The bank will also increase its home loan disbursement by nearly 40 per cent to Rs 3,700 crore.

Within the home loans portfolio, the bank is focusing on the affordable housing segment and expanding its presence across tier two and three markets.

–IANS

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