Just two days before she takes charge of India’s largest private sector bank, Chanda Kochhar, who just got done with restructuring ICICI Bank, is readying herself for an expansion drive.
“We will open 580 new branches, for which we have received the licence, over the next one year,” she said. In an exclusive interview to Hindustan Times, Kochhar said that the bank was shifting its focus away from riskier assets like small personal loans, credit cards and two-wheeler loans.
However, it will continue to strengthen its focus on the home loan, car loan, corporate loan and project loan segments while boosting deposits, she said. The bank is looking to increase its current account and savings account (CASA) deposits that keep costs low.