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ICICI Bank to focus on home-loans as real estate picks up

ICICI Bank to focus on home-loans as real estate picks up
PTI
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First Published: Fri, Dec 11 2009. 02 23 PM IST
Updated: Fri, Dec 11 2009. 02 23 PM IST
Mumbai: “With the real estate segment witnessing a comeback after the economic slowdown, banks are now focussing on the home-loan segment,” ICICI Bank’s managing director and chief executive officer Chanda Kochhar said.
“We are focussing on the home-loan segment at the moment as there is a lot of activity in this sector. People who stopped buying a few months ago, are back again,” Kochhar said.
The bank had recently launched a home-loan scheme under which 8.25% interest rate will be fixed for the first two-years for loans sanctioned from 1 December, 2009 to 31 January, 2010 irrespective of the loan amount. The first disbursement of the loan should be availed before 31 March, 2010.
From the third-year onwards, the lender would charge a floating interest rate depending upon the then prevailing floating reference rate.
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First Published: Fri, Dec 11 2009. 02 23 PM IST