‘We are Grow­ing in Re­tail Faster than In­dus­try Rate’

The Economic Times - - Companies: Pursuit Of Profit -

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.

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