ICICI Bank expects retail loan growth to accelerate in the second half of FY26, supported by improving economic activity and policy measures, said Sandeep Batra during Q2 post earnings press call.
During the September quarter, ICICI Bank’s overall loan book grew 10.6 percent year-on-year, supported by steady traction in business banking and SME segments. Sequentially, retail loans rose 2.6 percent, reflecting early signs of recovery after a muted first quarter.
Retail advances which account for nearly half of the bank’s total loan portfolio and were up 6.6 percent year-on-year, while overall domestic advances maintained double digit growth momentum.
“We look at cash flows and what’s happening in the economy and we are followers in that space. Economic activity has picked up and is bankable. Retail saw a slowdown earlier, but with the policy measures by the government and the RBI over the past few quarters, we are now seeing the retail book growing quarter-on-quarter and year-on-year by 6.6 percent,” he said.
He added that business banking growth will continue its momentum, while domestic corporates, which have sufficient cash reserves, will access credit selectively. “Wherever we are, our risk and pricing framework looks at the overall 360-degree relationship, and we will continue to remain focused,” he said.
Responding to a query on the recent reports on social media platforms alleging unlawful employee exits, Batra dismissed the claims as baseless.
“We never take off anybody unlawfully. Any exit happens only on proper grounds. Otherwise, we don’t even take off employees,” he said, adding that ICICI Bank is among the few organisations with one of the lowest attrition levels in the banking system.
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