{"id":906,"date":"2018-07-04T14:46:22","date_gmt":"2018-07-04T14:46:22","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=906"},"modified":"2018-07-04T14:46:22","modified_gmt":"2018-07-04T14:46:22","slug":"icici-banks-mortgage-portfolio-crosses-rs-1-5-trn","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/icici-banks-mortgage-portfolio-crosses-rs-1-5-trn\/","title":{"rendered":"ICICI Bank&#8217;s mortgage portfolio crosses Rs 1.5 trn"},"content":{"rendered":"<p>ICICI Bank on Wednesday announced that it has crossed the milestone of disbursing mortgage loans of over Rs 1.5 trillion.<\/p>\n<p>It aims to grow its pan-India mortgage book to Rs 2 trillion by end of FY20, a company statement said.<\/p>\n<p>&#8220;ICICI Bank catalysed the growth of retail lending in the country in early 2000 by making retail loans, especially home loans, widely accessible and affordable. As a result of our continued endeavour, we have crossed the milestone of disbursing over Rs 1.5 trillion of mortgage loans, in a profitable manner with the lowest delinquency in the industry,&#8221; said Anup Bagchi, Executive Director, ICICI Bank.<\/p>\n<p>&#8220;We will continue to expand our mortgage portfolio at an annual growth rate of over 15 per cent and aim to cross Rs 2 trillion by end of FY20. To achieve this, we are expanding our network to many new locations in tier II\/III cities as well as micro-markets on the periphery of major cities and continue to leverage on technology to offer home loans in a fully digitised manner,&#8221; he said.<\/p>\n<p>In a bid to digitize the mortgage eco-system, the bank has enabled developers to obtain approvals for their projects in a paperless manner. This initiative has enabled the bank to approve 2,000 new housing projects, completely online.<\/p>\n<p>The bank has also enabled online repository of 30,000 approved projects across 40 cities for its customers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICICI Bank on Wednesday announced that it has crossed the milestone of disbursing mortgage loans of over Rs 1.5 trillion. It aims to grow its pan-India mortgage book to Rs 2 trillion by end of FY20, a company statement said. &#8220;ICICI Bank catalysed the growth of retail lending in the country in early 2000 by [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[276,277,275],"class_list":["post-906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-anup-bagchi","tag-executive-director","tag-pan-india"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ICICI Bank&#039;s mortgage portfolio crosses Rs 1.5 trn - 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