ICICI Bank, the country’s largest private sector lender, is reportedly targeting to grow its loan book 3-4% ahead of credit growth in FY16. The lender will continue to be selective while lending to the corporate and SME sector.
The bank is expecting to sustain domestic loan growth in the range of 18-20%, driven by about 25% growth in the retail segment. In the domestic corporate portfolio, it is expecting growth of 10-15%, driven primarily by increasing lending to higher rated clients.
In FY15, retail advances for the lender grew 24.6% on a year-on-year basis at the end of March 31, 2015. In the same period, domestic corporate loan book grew at 9.6%.
