ICICI Bank adopting a 360-degree approach in corporate banking business

Analysts see risk of attrition due to the shift in culture its implementation

The country’s second largest private sector lender, ICICI Bank, is adopting a 360-degree approach in its corporate banking segment, wherein corporate relationship managers will not only act as loan facilitators, but also aimm to capture the entire corporate ecosystem to offer a wide range of services, the banks' top management told analysts.

That said, the bank asserts that retail, SME and business banking will be its key growth drivers, going forward.

In Q2, the bank saw its advances grow 23 per cent year-on-year (YoY) and 5 per cent sequentially to Rs 9.38 trillion, with the retail portfolio growing 25 per