With $700 billion to be invested by corporate in the next three years, ICICI

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Bank expects its lending to the sector to grow faster than the industry at 35 per cent.

"On corporate side we will grow faster than the industry. We will grow at least by 35 per cent," ICICI Joint managing director Chanda Kochhar said.

"I think the investment pipeline, which we estimate to be about $700 billion, will be the growth engine for GDP, for the banking sector in general and particularly for ICICI Bank. Half of these investments is manufacturing and half infrastructure," she added.

Assuming a debt-equity ratio of 1:1, a sum of $350 billion is required as credit over the next three years of which ICICI Bank is eyeing to corner a large part. "Our involvement will be large as traditionally we have been a project finance company. However, not all of it will be on our balance sheet as a major part of it will be through syndication with other banks," she said. ICICI’s corporate and international business of comprise 32 per cent of total loans and advances. Retail maintains a dominant share of 58 per cent with the rest with SMEs and agriculture.