ICICI Bank home loan growth slows down
15 Jun 2007
Mumbai: ICICI Bank''s home loan portfolio is currently growing at 20 per cent, down from 45 per cent earlier a senior official of the bank said during a news conference convened to announce the details of the bank''s forthcoming public issue of shares on Wednesday.
He also said that the rise in interest rates had not affected the repayment of the loans, as incomes have also gone up.
At
present, 50 per cent of the bank''s retail book is contributed
by housing loans.
The bank is planning to exercise the greenshoe option, taking the total sum to be mobilised through domestic follow-on offer to Rs10,062.5 crore.
It also hopes to raise an equivalent amount through an ADS issue on the NYSE. The issue will open on June 19 and close on June 22 and the price band will be decided on June 17.
