Credit loss to reduce in next 2-3 quarters: ICICI Bank
August 4th, 2009
Chanda Kochhar, Managing Director and Chief Executive Officer, ICICI Bank, said there was no need for the bank to raise equity capital as the capital adequacy ratio (CAR) stood at 17.5%. Kochhar sees strong credit growth in the second half of FY10. “The bank will have to restructure some more loans in the next two to three quarters,” she said, adding, credit loss would reduce in the next two to three quarters.