Union Budget 2014: SLR/CRR exemption in infra lending logical, says Kochhar

Written By Unknown on Kamis, 10 Juli 2014 | 23.25

MD & CEO of India's biggest private sector bank, ICICI Bank, Chanda Kochhar said, this move would enable banks to raise long-term bonds.

Union Finance Minster Arun Jaitley in his maiden Budget speech announced some sops for banks, one of them being allowing lenders to give long-term loans to infra without restrictions on CRR/SLR.

In an interview to CNBC-TV18's Gopika Gopakumar, MD & CEO of India's biggest private sector bank, ICICI Bank , Chanda Kochhar said, this move would enable banks to raise long-term bonds.

According to her, these bonds would be cost effective because additional cost of SLR/CRR won't apply in this case.

"I think this is very logical because if you will raise very long-term bonds, they should not have a requirement of liquidity reserves. This would just ensure that the banks can go out there and fund projects without taking asset liability mismatches in their own books," she added.

ICICI Bank stock price

On July 10, 2014, ICICI Bank closed at Rs 1390.85, down Rs 12.35, or 0.88 percent. The 52-week high of the share was Rs 1590.35 and the 52-week low was Rs 758.80.


The company's trailing 12-month (TTM) EPS was at Rs 84.84 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 16.39. The latest book value of the company is Rs 633.12 per share. At current value, the price-to-book value of the company is 2.20.


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