ICICI Bank to grow retail loan disbursement by 30% in Karnataka

23 Aug 2019

ICICI Bank is eyeing to grow retail loan disbursement in Karnataka by 30% to Rs 13,700 crore in current fiscal. The bank aims to achieve this growth by expanding consumer loans disbursement, which comprises personal and auto loans, by 33 per cent to over Rs 5,100 crore, alongside the disbursement of agriculture related loans by 28 per cent to Rs 3,300 crore compared to 2018-19. Mortgage loan disbursement too is likely to rise by 30 per cent to over Rs 5,300 crore in 2019-20, compared to the previous financial year.

ICICI Bank is India’s largest private sector bank by consolidated assets. 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.

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