By IANS,
Mumbai : The existing high interest rates may affect ICICI Bank’s business growth, but its corporate portfolio would help the bank achieve 15-16 percent overall credit growth, said a top official here Tuesday.
“Our corporate pipeline is still very strong. We expect to maintain a 15-16 percent year-on-year credit growth,” ICICI Bank’s joint managing director Chanda Kochhar told reporters on the sidelines of a banking technology conclave.
Asked about the possibility of rate cuts, Kochhar said: “It would be too early to talk about this.”
On the Reserve Bank of India’s (RBI) tight monetary policy, she said: “We must understand that there are challenges and opportunities. The policy measures will help us manage the challenges. The RBI has projected that inflation would be brought down by March.”