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Thursday, April 28, 2011

ICICI CEO expects credit growth of at least 20 pct in FY12

MUMBAI: ICICI Bank , India's second-largest lender, expects credit growth of at least 20 percent in fiscal 2012, its Chief Executive Chanda Kochhar said on Thursday.

The bank is focused on maintaining net interest margins going forward, she said in a conference call.

Earlier, ICICI reported a 44 percent jump in quarterly net profit on strong demand for loans and a rise in fee income in India's fast growing economy, but missed forecasts due to treasury losses and higher expenses.

Source: EconomicTimes

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