Business Daily from THE HINDU group of publications
Sunday, Jul 26, 2009
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Business Daily from THE HINDU group of publications Sunday, Jul 26, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Private Banks
Our Bureau Mumbai, July 25 “Credit growth will be back in the second quarter. Housing demand will come back. This fiscal we see growth coming from housing loans and car loans in the retail segment and from working capital and project loans in the corporate segment,” said the ICICI Bank CEO, Ms Chanda Kochhar. Giving the bank’s report card for the quarter, she said the share of net Non-Performing Assets to total assets increased to 2.33 per cent (1.8 per cent). Due to the decline in assets, the proportion of NPAs looks higher, she pointed out. In the first quarter the bank restructured new cases worth Rs 1,500 crore. Of the total restructured assets, about Rs 3,500 crore worth assets got upgraded. Given the bank’s focus on corporate assets, the share of retail assets in the balance-sheet fell to 47 per cent from 55 per cent a year ago. The share of unsecured personal loans, within retail loans, declined to 15 per cent (18-19 per cent) and is likely to reduce even more, Ms Kochhar said. More Stories on : Private Banks | Consumer Finance | Housing Finance | ICICI Bank Ltd
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