Affordability of loans becoming an issue, says ICICI Bank chief

Addressing a seminar by Indian Banks Association, ICICI Bank Managing Director and CEO, KV Kamat said that affordability of loans by retail consumers will become an issue if interest rates remain high.

He said that credit risks had gone up by 25 to 50 basis points after the Reserve Bank of India restricted reparation of funds raised by corporates overseas in external commercial borrowings.