ICICI Bank: bad loans have peaked
NEW DELHI (Reuters) - The chief executive of ICICI Bank, India's second biggest bank, said bad loans had peaked and loan quality should improve.
"I think the peak should be behind us," Chanda Kochchar told a conference at the World Economic Forum on Friday, when asked about the bank's non-performing assets, or bad loans.
"Going forward, we should see an improvement."
ICICI's gross bad debts had risen to 4.7 percent of advances during the September quarter from 4.2 percent in the June quarter.
Kochhar said ICICI's interest rates would remain stable for some time.
(Reporting by Devidutta Tripathy and Rajesh Kumar Singh; Editing by John Mair)
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