The Hindu Business Line : Bank loan growth seen at 25%

We expect a 25 per cent growth rate in loans for the banking industry this fiscal, said Mr V. Vaidyanathan, Executive Director, ICICI Bank. ICICI Bank has raised its lending rates by almost 50 basis points, following the hike in cash reserve ratio.

"With inflation and money supply touching the upper scales and bulk deposits getting costly, cost of funds had to be eventually passed on to lenders," he said. "Consumer loans are growing strongly and are expected to hold up."

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