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Journalism of Courage
MUMBAI, AUG 18: ICICI Ltd plans to focus on its retail finance business and expects the same to contribute about 15-20 per cent of its turnover in the next five years, a senior official of the financial institution has said.
"We are building a strong network for selling our personal finance products at a retail level and expect the same to contribute about 15-20 per cent of our turnover in the next five years, ICICI’s chief operating officer Lalita D Gupte said here today at the launch of its home loans here.
The institution which entered the retail segment by launching auto loans and funding of consumer durables last year has received an excellent response because of its personalised services through direct marketing agents (DMAs), she said, adding the institution was now aggressively targeting the home loan segment.
