ICICI Bank may sell stake in housing finance arm
July 10, 2015  18:12
The country's largest private sector lender ICICI Bank said it has received enquiries from potential suitors for its housing finance arm, and is expected to soon take a call on it.ICICI Home Finance Company is wholly owned subsidiary of ICICI Bank.


"The bank is receiving enquiries from time to time from interested parties regarding its stake in ICICI HFC, but has not taken any decision to sell its stake in this company," ICICI Bank spokesperson, said.He further said ICICI Bank's mortgage business is primarily done within the bank and this business has been growing rapidly.


"Only a very small portion of the bank's overall mortgage business less than 10 per cent is done by ICICI Home Finance Company,' he said.ICICI HFC had earned a net profit of Rs. 197.57 crore for fiscal ended March 2015.
« Back to LIVE

TOP STORIES