ICICI Bank is targeting to double its loan book to small and medium enterprises (SMEs) in the next two years on higher demand from the segment. The second-largest private sector lender has seen that in the last two years, the SME loan book has doubled to Rs 40,000 crore at the end of FY22, while the business banking loan book has trebled to nearly Rs 53,000 crore in the last three years. Taken together, the business banking and SME book occupied 11 per cent of the total loan book at the end of FY22.
ICICI Bank is a leading private sector bank in India.
