ICICI Bank

ICICI''s CFO, NS Kannan, discusses the bank''s borrowing strategies.

How have your borrowing requirements changed since the merger between ICICI Limited and ICIC Bank

Kannan ICICI Limited was predominantly a project finance institution. On the asset side we had infrastructure finance and manufacturing project financing and so on. And on the liability side we had relied almost exclusively on long-dated fixed maturity loans. This is how the parent's balance sheet was financed prior to the merger. We had subsidiary in which the parent held 46%, which was a local commercial banking entity that was permitted by our central bank to raise domestic deposits and checking accounts.

When these two entities merged the primary issue on the funding was to replace...

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