Which Bank has announced that its mortgage loan portfolio crossed the Rs 1.5-trillion milestone, making it the largest private player in the segment, and the lender is targeting to grow it to Rs 2 trillion by FY20?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Kotak Mahindra Bank
B	HDFC Bank
C	State Bank of India
D	ICICI Bank

Explanation:

Detailed explanation-1: -Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced that it crossed the milestone of disbursing mortgage loans of over Rs 1.5 trillion, a first among private sector banks in the country, making it the largest mortgage lender among private sector banks.

Detailed explanation-2: -IMGC is the country’s first mortgage guarantee company, and provides mortgage default guarantee to lenders. It has guaranteed over 57, 000 homebuyers, crossed the ₹8, 500-crore portfolio and onboarded 15 lender partners.

Detailed explanation-3: -As a Relationship Manager, you get an opportunity to engage with high-value customers of ICICI Bank and offer 360 degree-banking solutions. You are responsible for developing, and expanding the ICICI Customer family, by providing unique, fair and optimum solutions considering the evolving needs of our customers.

Detailed explanation-4: -ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange.

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