06 July 2018

ICICI Bank's Mortgage Portfolio Crosses Rs1.5-trillion

ICICI Bank's Mortgage Portfolio Crosses Rs1.5-trillion


ICICI Bank has announced that its mortgage loan portfolio crossed the Rs 1.5-trillion milestone, making it the largest private player in the segment, and the lender is targeting to grow it to Rs 2 trillion by FY20.

At Rs 1.5 trillion, the mortgage loan-book is half of the bank's overall retail loan portfolio of around Rs 3 trillion.

Source- The Livemint

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • ICICI Bank stands for Industrial Credit and Investment Corporation of India.
  • Headquarters of ICICI Bank: Mumbai.
  • Sandeep Bakhshi is the present whole-time director and chief operating officer (COO) of ICICI Bank.

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