skip to Main Content

Aiming for rapid expansion of retail lending business in Odisha: ICICI Bank

Disbursement of home loans in the state is expected to increase by 30% to Rs 1,250 crore, while the consumer credit segment is expected to grow by more than 40% to Rs 1,800 crore, the lender said. .

ICICI Bank announced on Wednesday that it will rapidly expand its retail lending business in Odisha in the current financial year.

Disbursement of home loans in the state is expected to increase by 30% to Rs 1,250 crore, while the consumer credit segment is expected to grow by more than 40% to Rs 1,800 crore, the lender said. .

The bank is also aiming to increase corporate lending and overdraft disbursements by 35% to over Rs 1,300 crore, Anup Bagchi, executive director of ICICI Bank, told reporters.

“Odisha is an important market for us. We continue to build our franchise, delivery and service capabilities through a range of digital initiatives. We are focusing on places such as Rourkela, Berhampur, Sambalpur, Cuttack, Jharsuguda, Angul, Bargarh, Bolangir and Jajpur among others,” Bagchi said.

He added that the lender has entered a new segment of providing loans to contractors for the construction of roads, bridges and dams to support the growth of infrastructure in the state.

Back To Top