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Mumbai:
ICICI Bank''s home loan portfolio is currently growing
at 20 per cent, down from 45 per cent earlier a senior
official of the bank said during a news conference convened
to announce the details of the bank''s forthcoming public
issue of shares on Wednesday.
He
also said that the rise in interest rates had not affected
the repayment of the loans, as incomes have also gone
up.
At
present, 50 per cent of the bank''s retail book is contributed
by housing loans.
The
bank is planning to exercise the greenshoe option, taking
the total sum to be mobilised through domestic follow-on
offer to Rs10,062.5 crore.
It
also hopes to raise an equivalent amount through an ADS
issue on the NYSE. The issue will open on June 19 and
close on June 22 and the price band will be decided on
June 17.
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