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PRESS TRUST OF INDIA
NEW DELHI, OCT 3: Close on the heels of the listing of its shares on the New York Stock Exchange (NYSE), ICICI has decided to enter retail financing in a big way and increase profitability to enhance shareholders value.
``ICICI will focus on retail financing especially in the area of consumer finance and housing loans as part of its plans to diversify its loan portfolio,'' ICICI joint general manager Madhabi Puri Buch said.
She said after the success of ICICI American Depository Shares (ADS), the management has decided to focus more on enhancing shareholders value and this could be best done by improving the institution's bottom line.
In order to have a broader reach at the retail level, ICICI was emphasising on introducing the latest technology to achieve a significant competitive advantage, she said.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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This story was printed from Net Express located at http://www.expressindia.com. Net Express provides a portal to India, with news from The Indian Express and The Financial Express along with sites on travel and tourism, the entertainment industry, the power sector, the environment and much more.
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