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ICICI Bank aims at Rs 1,200 cr loan that is retail in Assam in FY20

ICICI Bank aims at Rs 1,200 cr loan that is retail in Assam in FY20

The lending company intends to accomplish that target by increasing its customer loan disbursement comprising personal and automotive loans to over Rs 850 crore in the present financial in addition to home mortgage portfolio to Rs 300 crore.

Private sector loan provider ICICI Bank on January 22 stated it’s trying to increase its loan that is retail disbursement Assam to over Rs 1,200 crore during 2019-20.

The financial institution intends to accomplish that target by increasing its customer loan disbursement comprising personal and automotive loans to over Rs 850 crore in the present financial while the real estate loan profile to Rs 300 crore.

There is growth that is significant retail customer loans in Assam during the last several years, ICICI Bank Executive Director Anup Bagchi stated in a statement.

“With development in the economy of Assam, we see the possibility of increasing the loan that is retail within the state by a lot more than double to over Rs 1,200 crore in FY’20,” he said.

The financial institution is centering on customer and mortgage loans to grow its speedy cash near me business within the state, he stated.

“a substantial motorist with this development is our technology-led instantaneous loan offerings to the clients and making services and products for sale in the tier-II and III towns.

“Armed with your prowess that is technological now provide immediate sanction of house, individual and automotive loans to pre- authorized customers through our electronic networks,” Bagchi stated.

The focus is in the affordable housing segment to drive growth and the bank is concentrating on places like Jorhat, Dibrugarh, Tinsukia, Tezpur, Silchar, Sivasagar among others, he said in the mortgage portfolio.

“We intend to increase our real estate loan disbursement in Assam by 40 % to Rs 300 crore in FY’20,” Bagchi said. (more…)

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