‘We are Growing in Retail Faster than Industry Rate’
also dropped… Some pressure on NII will remain because of the non-recognition of income on account of NPAs. It also depends on how the other interest rates and cost of funds move in the quarter. This quarter, the domestic NIM has gone up because there was a good inflow of CASA. But I can’t say that the pressure of non-recognition has gone off. I think the pressure will remain. There is some concern on the high run rate of slippages... Even slippages have come down from ₹ 8,000 cr to ₹ 7,000 cr quarter over quarter. About 75% of the additions are also from the drilldown list. The drill-down list has also come down.
ICICI is now focusing on lending to A- and above accounts? We focus on growth on the basis of what is moving in the environment. Currently, retail is moving much more and, therefore, we are growing in retail even faster than the industry growth rate. We slowed corporate growth from 2013; but we are still following the investment grade and above companies that are good opportunities for refinancing. Our DNA is to find the right opportunities and grow in those areas.