ICICI Bank to shift focus to SME lending & supply chain finance for future growth - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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ICICI Bank to shift focus to SME lending & supply chain finance for future growth

ICICI Bank also told analysts that partnerships with fintechs have helped increase customer base and deepen engagement. The share of digital costs have risen from 6% in FY20 to 9% now and it plans to further accelerate the network from the second half of the current fiscal year. It also said that the credit card partnership with Amazon has helped build 3.5 million customers and 35% are new-to-bank and spends are 20% higher.

from Stocks-Markets-Economic Times
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