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Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Sandeep Bakhshi-helmed private lender has moved swiftly to grab a bigger slice of the corporate loan action, posing a threat to what was once HDFC Bank’s bastion.
ICICI Bank is slowly but surely becoming the preferred choice of corporate borrowers in India.
Over the past year, the country’s second largest private lender has closed the gap with the much bigger HDFC Bank, which has seen a decline in the growth of its corporate loan book. As things stand, ICICI Bank’s corporate loan book is now just 42% smaller than HDFC Bank’s; a year ago, the difference in size was 54%. In absolute numbers, ICICI Bank’s corporate loan book stands at Rs 2.8 lakh crore to HDFC Bank’s Rs 4.8 lakh crore.
The result: for the first time …
