We are not adventurous in giving loans: ICICI's Kochhar

ICICI Bank on Sunday said it was conservative when it comes to growing its businesses and that its deposits and savings are showing an increasing trend. “Our current and saving account base has been increasing on a month-on-month basis. We have a trend of increase of CASA,” ICICI Bank Joint Managing Director Chanda Kochhar said, when asked about depletion in deposits following rumours casting doubts about the lender’s financial health. She lashed out at “vested interests” for spreading such rumours, which caused some apprehension among depositors. On a query whether it had given huge loans without essential securities and collaterals, she said: “We are not adventurous in giving loans just to... [read full story]