The bank keeps receiving enquiries from time to time from interested parties regarding its stake in ICICI HFC but has not taken any decision to sell its stake in this company, ICICI Bank spokesperson said in a statement. It further said ICICI Bank's mortgage business is primarily done within the bank and this business has been growing rapidly.
"Only a very small portion of the bank's overall mortgage business less than 10 per cent is done by ICICI Home Finance Company," it said. However, the spokesperson refused to comment if the stake sale would be partial or complete.
ICICI HFC had earned a net profit of Rs 197.57 crore for fiscal ended March 2015. The company paid interim dividend of 2.75 per cent in June last year; 2.75 per cent in September; 3.25 per cent in December, and 3.55 per cent in March 2015.