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ICICI Bank mortgage portfolio crosses Rs 1 lakh crore

| | 14 Jan 2016, 11:18 pm
Mumbai, Jan 14 (IBNS): ICICI Bank on Thursday announced that it crossed the milestone of disbursing mortgage loans of over Rs 1 lakh crore.
To commemorate this, the Bank also launched two new digital initiatives to simplify and quicken the assessment for new home loans as well as disbursements linked to the construction stage of projects.
 
Speaking on the occasion, Rajiv Sabharwal, Executive Director, ICICI Bank said, “ICICI Bank catalysed the growth of retail lending in the country by making home, auto and other retail loans widely accessible and affordable. Our efforts included taking home loans to smaller towns, making applications easier for the borrowers by offering them doorstep services and disbursing loans quickly."
 
"In our journey through the years, we embarked on many initiatives: we introduced a whole new range of products, built a wider distribution network and leveraged on technological advancements like Tab Banking. As a result of our continued endeavour, we have crossed the milestone of disbursing over Rs 1 lakh crore of mortgage loans in a profitable manner with the lowest delinquency in the industry. Today, we have taken another leap forward with the launch of two first-of-its-kind initiatives. We believe these initiatives will bring simplicity to the home loan process, while delivering solutions at a never-seen-before speed,” he said.
 
 

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