ICICI Bank crosses Rs 1.5 trn in home loans, aims for Rs 2 trn by FY20

A first among private peers; now aims for Rs 2 trillion home loan book by FY20

ICICI Bank on Wednesday said its mortgage loan portfolio crossed Rs 1.5 trillion, a first among private sector banks in the country. It is now aiming to grow its home loan book to Rs 2 trillion by 2019-20.

In line with the bank’s renewed focus on the retail segment, it has become the largest mortgage lender among private sector banks.

“We plan to grow at 15 per cent and bring the mortgage book to Rs 2 trillion by the end of FY20,” said Anup Bagchi, executive director, ICICI Bank.

The mortgage portfolio forms 52 per cent of the bank’s retail