ICICI Bank is eyeing to raise home loans portfolio to Rs 2 lakh crore next fiscal from Rs 1.5 lakh crore as of Q1FY19. The bank is planning to add 500 new locations to the existing network of 1,000 centres to grow its home loans business. The proposed expansion will be achieved by adopting the branch-within-a- branch model and adding 560 new central processing centres for home loans.
ICICI Bank is India’s largest private sector bank by consolidated assets. The bank’s consolidated total assets stood at $165 billion at December 31, 2017. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms. It is present across 17 countries, including India.
